Posted on 01/15/2008 2:56:00 PM PST by BradtotheBone
i believe this tax would cause inflation and stagnation.
According to guru Al Gore, we'll be farming in Greenland and Northern Canada again soon.
You number is too large. The US used approximately 9.3 million barrels per day in the past year. That equals 143 billion gallons per year ( 9.3M x 42 x 365 )
U.S. Finished Motor Gasoline Product Supplied
http://tonto.eia.doe.gov/dnav/pet/hist/mgfupus2M.htm
Then they should supply birth control pills. ( at my age I'd sure hate to come up pregnant)
I’m at a loss for words...wait, no I’m not:
F*** You!!! (not you, but those proposing this...)
It's +2.3 F in my side yard right now. I had to stop a couple times while driving my son to work to put deicing spray on my windshield so I could see to drive safely. I'm way down south in Pocatello, ID. It's much colder in Canada and Greenland. The more likely scenario is food shortages from short growing seasons (too cold) or too dry. The morning ag report indicates that the snow pack has caught up to normal, so it might be a better year for the farmers. I'm seeing a few fields of corn around here for ethanol. Most people are still planting potatoes.
Soon they'll be taking 75 percent of our income...100 percent can't be far behind.
Tax the friggin’ oil companies, not the people.
Where do you think the money to pay any tax by any business comes from? It is included in the price of the product they sell.
ExxonMobil made $39.5 billion in profits last year.
They also paid $97.5 billion in taxes.
Sales-based taxes - $30.381B
Other taxes and duties - $39.203B
Income taxes - $27.902B
ExxonMobils 2006 Financial and Operating Review
http://exxonmobil.com/Corporate/Files/Corporate/fo_2006.pdf
Page 22
- - - - - -
ConocoPhillips 2006
Net Income $15.5 billion
Taxes $31.0 billion
Income taxes $ 12.783B
Taxes other than income taxes $ 18.187B
ConocoPhillips 2006 Annual Report
Consolidated Income Statement
http://www.conocophillips.com/NR/rdonlyres/CA84868B-CB7C-4A44-BB60-AD5EFF254023/0/64_67.pdf
- - - - - -
Chevron
Income $3.8 Billion
Taxes $8.4 Billion
Taxes other than on income $ 5.533B
Income Tax $ 2.859B
CHEVRON CORPORATION 2006 ANNUAL REPORT
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-reportsAnnual
page 48
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