http://www.taxfoundation.org/publications/show/1139.html
2007-12-07 06:53:34 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
Your source is over two years old. The big oil companies have been posting record profits since that time. The average Federal, State and Local tax combined has been $0.459 cents, using your own source.
2007-12-07 07:30:32 · answer #1 · answered by Anonymous · 1⤊ 0⤋
unfavourable, unfavourable oil companies. Exxon's internet earnings rose sixty 9 p.c. to $10.7 billion, or $2.14 a proportion, interior the 1st 3 months of this 3 hundred and sixty 5 days, from $6.3 billion, or $a million.33 a proportion, interior the comparable era final 3 hundred and sixty 5 days. The earnings beat some analysts’ expectancies, and marked the 5th quarter in a row that Exxon reported an earnings develop. And we are giving them subsidies why?
2016-11-14 19:10:09 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Because it costs the govt. more than it costs the oil companies. Every gallon of gas you buy has an associated cost in building and maintaining roads and bridges, air pollution, respiratory diseases, time lost from work, not to mention an expensive war in the Gulf every ten years.
If all those things were actually paid for by a gas tax, gas would be around $7/gal., and that's why it costs so much in Europe and Japan.
In fact, the cost of gasoline now includes maintenance of large permanent military bases in the Middle East and hundreds of American deaths per year, apparently on a permanent basis.
As it is, drivers and transportation are heavily subsidized by other sectors of the economy.
2007-12-07 06:58:03 · answer #3 · answered by Anonymous · 2⤊ 3⤋
The need that money to pay for the tax cuts that Bush and the republicans gave to the very rich.
2007-12-07 19:50:05 · answer #4 · answered by Kerry R 5 · 0⤊ 0⤋
Because they take money from whoever and whatever they can, to finance "pork" which buys votes needed for reelection......Anteater
2007-12-07 07:40:18 · answer #5 · answered by anteater 3 · 0⤊ 1⤋
tax is not a profit. the gov't uses this money to build roads, bridges, etc. It is not to build their wealth as it is with the oil companies.
2007-12-07 07:00:03 · answer #6 · answered by truth seeker 7 · 2⤊ 2⤋
Because the government is corrupt and wants to steal as much of our money as possible to pay for their unethical activities.
2007-12-07 06:57:54 · answer #7 · answered by Anonymous · 2⤊ 4⤋
?????????????????????????????????? that is some unrealistic stuff you came up with. Dont believe all you read!
2007-12-07 06:57:31 · answer #8 · answered by ? 4 · 1⤊ 3⤋