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Our government profits most from sale of gasoline.

Discussion in 'Politics' started by Swishbaby, Mar 30, 2012.

  1. Swishbaby Full Member

    Exxon make a measly 2 cents for each gallon of gas it sells, while taxes take up, on average, about 48 cents on each gallon. Yet we have the POTUS telling us about the obscene profits being raked in by 'greedy corporations'. It would appear our own government is greedy, not oil companies.

    Don't agree? By April 1st, the U.S. will have the highest corporate income tax in the world. Japan is currently first but is reducing their rate. Why does our government hate business?

    http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/
  2. Kill Van Kull Full Member

    Wanna buy a bridge?

    [IMG]

    Gullible moron.
    R.U. Stupid likes this.
  3. Spinboy Full Member

    California did pretty well last year:

    California now has the second-highest level of gas taxes in the nation with an average of 67 cents a gallon, just below New York's 67.4 cents a gallon, according to the American Petroleum Institute.

    For every gallon of gasoline they buy, California motorists pay a federal excise tax of 18.4 cents and a state excise tax that is 35.7 cents now but fluctuates annually. The local sales taxes average 3.1% on the cost of gas and on the excise taxes, essentially a tax on taxes. That amounts to more than $10 in taxes for a 15-gallon tank of gasoline.

    Those rates, according to the Board of Equalization, gave the state $5.2 billion for the fiscal year that ended Sept. 30 and local governments a total of $1.5 billion.

    http://www.latimes.com/business/la-fi-gas-taxes-20120329,0,5821034.story
  4. NC-Stern-Mark Full Member

    Seems like they need more. The roads are a mess.
  5. Jackie's Career Full Member

    If the Gov was willing to cut their profit margin just a few cents per gallon they would save motorists a boatload. Sadly it's more profitable politically to demagogue Big Oil.
  6. mingmen Full Member

    I guess they need a tax break then :jj:
  7. Swishbaby Full Member

    Nice contribution. Call me a name without offering any commentary or opinion. Typical nonsense from one of the biggest shit-heads on SFN. Nice going, fuck-face.
  8. Czech Full Member

    the entire american nation does very well overall because oil commodities are sold in us dollars,

    this will end, in time, however.

    i'm referring to the need for foreign nations to carry us dollar reserves for this purpose, inward investment into the us w/ such reserves, the interest rates in the united states which are kept artificially low, and the overall crazy profits earned at the u.s federal reserves; the u.s military too, i suppose who can supply worthless paper money in exchange for endless energy resources.
  9. KingOfAllWhites

    KingOfAllWhites SFN Gold Supporter

    Sounds like a source without an agenda to me:

    Ken Cohen is vice president of public and government affairs for Exxon Mobil Corporation. He has worldwide responsibility for the company’s public policy, government relations, communications, media relations and corporate citizenship activities.

    Show the same information from a source who is not pushing an agenda.

    We all know the oil companies always do the right thing, just ask bp....RIIIIIIIIIIIIIIIIIIIIIIIIIIIGHT!
  10. Kill Van Kull Full Member

    I like how well you display your ignorance for the truth, how you are so easily manipulated by the right-wing media and how you're proven incessantly wrong about everything -- and then how you come right back and make a jackass out of yourself again the next day. That you, Mikey?

    It's priceless!!

    Thanks!

    :byebye:
    KingOfAllWhites likes this.
  11. Swishbaby Full Member

    Hey asshole, just when have I been proven 'incessantly wrong'? You aren't refuting this information, so tell me what part is wrong. The part where we have the highest corporate income tax in the world? It's a FACT asshole. As for the Exxon profit and taxes on gasoline, when are you going to provide proof that I'm wrong? The answer is that you CANNOT because I'm right and you're still and asshole. Now shut your fucking pie-hole and get your shine box. My Allen Edmonds are getting dulling from kicking your ass.
  12. Kill Van Kull Full Member

    [IMG][IMG][IMG]
  13. KingOfAllWhites

    KingOfAllWhites SFN Gold Supporter

    Provide proof about Exxon profits and taxes from somebody who is not paid by Exxon. Since obviously it is in Mr Cohen' best financial interest to tell the american people only the information he wants to share with them. If this is rock solid information, you should have no problem proving it from numerous sources who do not have a financial interest in Exxon.
  14. NC-Stern-Mark Full Member

    Get another pair douchebag.



  15. mambojambo Full Member

  16. Swishbaby Full Member

    Nice to see you come to the defense of your boyfriend.
  17. Swishbaby Full Member

    Nice deflection and I'm still awaiting your proof to refute my original proof. I won't hold my breath because you cannot, can you sunshine?
  18. Swishbaby Full Member

    How cute that you use emoticons when you cannot offer anything else. What are you, twelve?I can't have a battle of wits with unarmed opponents.
  19. blargy

    blargy SFN Gold Supporter

    Ok, but by now you should have known that KVK is a drooling retard void of any facts in his posts
  20. NC-Stern-Mark Full Member

    Don't be jealous, its very cunty.
  21. KingOfAllWhites

    KingOfAllWhites SFN Gold Supporter

    How is stating a fact you can not refute deflecting?

    Still waiting for you to post a unbiased source. If what your saying is correct, this should not be a problem for you.
  22. Swishbaby Full Member

    Unbiased? The media is full of liberal bias, but even the Huffington Post confirms the US corporate tax rate. Even though you're a dumb-ass, you could have found this almost anywhere. http://www.huffingtonpost.com/2012/03/30/us-corporate-tax-rate_n_1392310.html

    As for Exxon profit on gasoline, this CNN/Money report says it's more like 7 cents, although that is 'earnings', not net income. The 2 cents I referred to is net. Even so, that's much less than what our gub'ment collects in taxes on a gallon. http://money.cnn.com/2011/04/28/news/companies/exxon_earnings/index.htm

    I'll accept your apology at any time.
  23. KingOfAllWhites

    KingOfAllWhites SFN Gold Supporter

    So you are admitting that one paid exxon employee said almost 4 times the amount then the other exxon employee?

    From your post:

    The retort came after Exxon Mobil, the world's largest publicly traded oil company, said it earned $10.7 billion in the first three months of 2011, up from $6.3 billion in the same period last year

    Exxon chief executive Rex Tillerson said the performance reflects higher crude oil and natural gas "realizations," using industry jargon for prices.

    In 2008, Exxon reaped the largest annual profit of any company in U.S. history, reporting a whopping $45 billion on the back of high oil prices. Its largest quarterly profit, $14.8 billion, came in the third quarter of that year.

    Other major oil companies have also benefited from the recent run-up, including Royal Dutch Shell (RDSA), which said Thursday that profits rose 40% in the first quarter to $6.9 billion. Chevron (CVX, Fortune 500), the world's second-largest publicly owned oil company, is scheduled to report results Friday.

    Despite the strong results, shares of Exxon (XOM, Fortune 500) edged down 0.6% to $87.27 each. But the stock is up 20% so far in 2011, making it the best performer in the Dow Jones industrial average after Caterpillar (CAT, Fortune 500). [IMG]

    You are welcome!
  24. Chrisfromvegas Full Member

    The federal tax is 18.4 cents per gallon on gas. Same as it's been for 20 years. Obama can't control how much tax state and local charge. The money is distributed to states for road use according to road counts taken twice a year.

    You don't have to pay the tax. Drive an electric car.
  25. Swishbaby Full Member

    You are taking my original post out of context. I never said Obomba was responsible for the amount of taxes charged on gasoline, and I'm aware that states take more than the fed. What I said was that he was critical of oil companies who are earning 'obscene profits', as though they were gouging us to make the prices higher. Most Americans hear this and believe the oil companies are out to get them, when nothing could be further from the truth.

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