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To: Phantom Lord

Government makes more money on oil and gas than do the companies that actually make and sell the products.

Can you frame that with numbers. For example...

Exxon makes five cents profit on a gallon of gas while the federal government makes eight cents on the same gallon. That should clear up who is cheating drivers. 


49 posted on 02/01/2006 12:39:00 PM PST by Zon (Honesty outlives the lie, spin and deception -- It always has -- It always will.)
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The Windfall Profit Tax comes back for another round. Last time around, it got so bad that even the New York Times agreed it was time to put a stake in it. In the end, the IRS was spending more money enforcing the tax then the tax brought in.

A short but good write up of the results can be found here: http://www.taxhistory.org/thp/readings.nsf/0/edf8de04e58e4b14852570ba0048848b?OpenDocument. Once established, even President Reagan, who campaigned against it, couldn't kill the beast for years.

50 posted on 02/01/2006 12:46:10 PM PST by vollmond (Careful with that axe, Eugene!)
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