[edzo4]

true the government makes more on gas taxes than the oil companies make in profits....

http://www.taxfoundation.org/publications/show/1139.html



Table 1. State and Federal Gasoline Taxes Compared to Major U.S. Oil Companies’ Domestic Profits, 1977-2004

(figures in billions of 2004 dollars)


Total
Oil Profits $643.0
Federal Taxes $533.0
State Taxes $810.1
Total Taxes $1,343.1

[Cobra64]

Bingo! Thank you! I heard El Rushbo mention these figures, but did not have the source data to substantiate my discussions to the ever-present ignorant "doubting Thomases."

How about starting a new thread? Would the mods delete it? I don't know what their policies are.

[thackney]

It is worse than that. I do not believe this takes into account taxes and royalties paid on crude oil. This appears to only be taxes on the finished product of gasoline. A lot more taxes were paid before that step.