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If you enact that tax if oil goes over $80 a barrel, that will simply get passed off on the consumer should oil be above that level, which will hurt the Middle Class.Exxon pays taxes at a rate of 41% on its taxable income, which is outrageous to begin with. Exxon's tax bill in 2007 exceeded $30,000,000,000 dollars.Exxon makes a much smaller percent in return that other large companies in the technology sector. We are basically taxing Exxon for being big?The government, who adds nothing to the drilling, development, shipping, and sale of oil, makes more per gallon of gas sold than Exxon does.
If you enact that tax if oil goes over $80 a barrel, that will simply get passed off on the consumer should oil be above that level, which will hurt the Middle Class.
Exxon pays taxes at a rate of 41% on its taxable income, which is outrageous to begin with.
Exxon's tax bill in 2007 exceeded $30,000,000,000 dollars.
Exxon makes a much smaller percent in return that other large companies in the technology sector. We are basically taxing Exxon for being big?
The government, who adds nothing to the drilling, development, shipping, and sale of oil, makes more per gallon of gas sold than Exxon does.
