Quote:
Originally Posted by 88-31-10  Big oil.
They got the greenlight baby.
Billions and billions. Might I add at your and my expense. |
"Big Oil"....
You must mean the oil companies. We have been through this before. Yes they are making a profit....but did you know their profit margin is less than banks and pharmacuticals? AND once again....how many people do you think own shares of "Big Oil" or have some type of "Big Oil" company in their 401K? Those people are profiting off of "big oil" also.
Here:
Today, U.S. consumers pay an average of
45.9 cents per gallon in gasoline taxes. The federal gasoline excise tax is 18.4 cents per gallon while the average state and local tax is 27.5 cents. The vast majority of these taxes are levied at a flat rate per gallon—regardless of whether a gallon of gas costs $1.49, $2.49, or $3.49. Thus, the effective rate of these taxes can vary wildly, from roughly 31 percent in the former case to 13 percent in the later.