Jack writes:
On 8/17/2012 11:46 AM, Tim Daneliuk wrote:
On 08/17/2012 10:19 AM, Han wrote:
And no, the
oilcompanies get sufficient subsidy now - no need to give them more, au
contraire.

I think you have this wrong. The oil companies pay more in taxes than they
make in profit in a typical year. Here is just one analysis with
supporting citation:

http://taxprof.typepad.com/taxprof_b...xes_excee.html

It is the *government* that is subsidized by the oilcos not the other way
around....

Recently heard on TV that oil companies make about 6-8 cents on a gallon
of gas. Government makes 40 to 66 cents on the same gallon. In
Californica the gov makes 66 cents on a gallon.

5 minutes of research would show that california makes 35.3 cents on
a gallon (WA 37.5 cents, NC 35.2 cents, maine 30 cents, Minnesota 27 cents).
When you add local (e.g. sales) taxes, CA is 50 cents, Connecticut is 51 cents,
Hawaii 49 cents, Illinois 50.6 cents, usw).

http://www.californiagasprices.com/tax_info.aspx

Don't believe everything you hear on TV, especially on Fox News.