Lake Okeechobee Topics: Oil Profits vs Gov Tax

Lake Okeechobee Topics

(Lake Okeechobee Specific)

4 messages

Updated 11/25/2019 4:36:36 PM

Off-Topic

Lakes Online Forum

83,605 messages

Updated 4/25/2024 9:33:24 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Lake Okeechobee Fishing

(Lake Okeechobee Specific)

2 messages

Updated 4/9/2020 8:42:00 AM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	water_watcher -
	Subject:	Oil Profits vs Gov Tax
	Date:	5/2/2008 7:16:43 PM

While the gas tax may "only" be 18 to 25 cents a gallon. The politician make a huge deal about oil company profits ... which are high. But the oil companies make 8 to 10 cents a gallon. So the government collects around twice what the oil companies make on a gallon, plus the tax the 8 cents a gallon through corporate income taxes as well. Now the government does nothing other than impose the tax, yet the oil companies have to drill, extract and refine the oil ... then transport it to your local gas station to make that 8 cents. So who should be imposed the windfall profit tax ... i say the government, not the business that employees people and makes the money.