For all you “oil companies are evil giants out to eat children” people.
is this accurate?
My dad, grandpa, great uncle, and uncle all work for Oil Companies in one form or another and this is accurate. At least for the tax on consumers.
There’s another tax for the producers of the oil.
But what about the profit? Do they make less of a profit than the government?
Oh hell yeah the Government makes more off of oil than the companies that produce it do. At the very least as far as fuel like gas and diesel go.
There are all kinds of federal and state taxes on it.
Nowadays it’s around 18¢ a gallon on average that oil companies earn.
Then the gas stations have to make a profit and are also being bled by the government in one way or another.
If oil had just one tax on it, the price change would be drastically reduced.
But instead it’s bled out with taxes all over the place in every which way the government can take it. Whether it’s a tax on the consumer, producer, or distributor.
Oil and gas companies actually make a LOT more of a profit in other ways and on the other products that are made by petroleum than they do from the gas and diesel that run cars. In comparison the money they make from gas and diesel is almost chump change.
Oil goes into a massive variety of other products we use on a daily basis all across the United States.
Not to mention oil companies pay upwards of 39% in corporate taxes.
The zombie’s explosion in popularity coincides with two other things: media saturation and increased volume in every area of political and cultural discourse. Everyone is loud now, and staking out extremes, and getting even louder because everyone else is getting louder, and the more polarized…
It gets harder to climb the ladder when you remove the first rung.
—Greg Gutfeld on the minimum wage (via fyeahredeye)
People missing a key factor. Burger flipping is an entry level job. Not a support your wife & 2 kids job.
We need to promote small business growth that will create the jobs that pay better than burger flipping.(via americas-liberty)
Apparently the White House referred to Christmas Trees as Holiday Trees for the first time this year which prompted CBS presenter, Ben Stein, to present this piece which I would like to share with you. I think it applies just as much to many countries as it does to…