Does gov. make more $ from gasoline than Big Oil?

FactCheck.org ^ | 05/23/08 | Lori Robertson

[Robert A Cook PE]

BUT ...

Medicare taxes need to be added.
State income taxes included?
Social Security taxes on each employee are part of the tax burden: Whether at 7% each salary or 14% (total cost) could be debated.

[Graycliff]

Yep! I noticed the state severance tax’s were not included. That amounts to over 6 dollars a barrel here in TX.

[pgkdan]

Gov't earns nothing. They just stand there with their hands out.

yep. The only thing the gov't has earned is contempt.

[goodwithagun]

If your an investor, just tell them you own enough shares of ExxonMobile to off-set the cost of gas. I often tell my fellow publik scewl teechurz that filling up my Titan is like putting money in my savings account. Not exactly true, but it pisses off the hillary/hussein supports something fierce!

[goodwithagun]

If your an investor, just tell them you own enough shares of ExxonMobile to off-set the cost of gas. I often tell my fellow publik scewl teechurz that filling up my Titan is like putting money in my savings account. Not exactly true, but it pisses off the hillary/hussein supports something fierce!

[Graycliff]

Yep! I know of no government owned or operated drilling rig.

[thackney]

In the US, but around the world, many are government owned. Saudi Aramco is a government entity.

[skinkinthegrass]

I'll try, too.....

....seems like everybody is "feelin' the pinch"....except, the Enviro-Terrorists and the Demoncrats....there's NO difference, between these to groups....

[coffee260]

UGGHH!

[Graycliff]

I was speaking only in the US. Sorry!

But since thats been brought up, I’d be willing to bet that If all production within US boarder did belong to the government, there would be no restrictions on drilling.

[numberonepal]

They just stand there with their hands out

They just stand there with their hands out guns pointed at you. Fixed it for ya.

[skinkinthegrass]

For those of you too young to remember the 70's here is a refresher course....

I remember....G*D Damn, Frm. Pres. Jimmah "Malaise / Energy Brown Shirts" Carter...

[numberonepal]

while the government does absolutely nothing for a much larger profit.

Oh they do plenty in the way of threatening the loss of life and liberty should you not comply with their wishes.

[TYVets]

I am glad the government was not smart enough to enact a tax based on the price and not a fixed amount per gallon.

Say if the government had imposed a 10% tax instead of a 18 cent per gallon tax, the government would be rolling in the dough.

I believe The City of Chicago and Cook County both collect taxes on a percentage basis.

A day or two ago I read that the price of gasoline in Chicago is the highest in the US.

Of course Chicago has to have high corruption taxes to feed all those who feed a the public trough.

[thackney]

Why do you think that? Most of the most promising areas of petroleum reserves are held out of production because they are federally owned land/waters. The government is the one that would collect the royalties on this oil if they did allow it to be produced.

[skinkinthegrass]

For those of you too young to remember the 70's here is a refresher course....

I remember....G*D Damn, Frm. Pres. Jimmah "Malaise / Energy Brown Shirts Sweater" Carter...

[GulfBreeze]

I would imagine the amount of money the various employees who work for the oil company are paying all together in taxes would be another astronomical figure.

[Nailbiter]

ping

[willyd]

Check out Pemex

[PSYCHO-FREEP]

You are correct about that, what I pay in taxes is equal to the average annual income in the Mid-West.