Posted on 04/29/2008 1:59:45 PM PDT by Sub-Driver
The lower 50% of American Taxpayers only paid 98 Billion last year - Thats less than the tax that Exxon paid.
I haven't done the math, but for 2007 Exxon alone paid $30 billion in income taxes. So the government benefits greatly from high oil.
I guess we could start by asking how much it costs govt to produce the oil they tax. lol
Here’s a break down of what goes into $3.46 a gallon fuel:
Distribution Costs, Marketing Costs and Profits $0.02
Crude Oil Cost $2.44
Refinery Cost and Profits $0.36
State Underground Storage Tank Fee $0.01
State and Local Sales Tax $0.26
State Excise Tax $0.18
Federal Excise Tax $0.18
———————————————————...
Retail prices $3.46
I’ve read somewhere that oil companies make about 7 cents per gallon on oil.
What a great scam!
Whatever the predator companies make, the predator government makes 3 times as much.
Guess which I'd rather attack??
With the internet available, they can't now go run and hide.
They are idiots right out in the open.
At least in California...
CLARK, WE NEED YOU!
(Pest control).
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