Beluga Lake Topics: Oil Profits vs Gov Tax

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	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.