Originally Posted by
jungle
Exxon paid about 27 billion in taxes on roughly 40 billion in profit, Federal, State and Local Taxes average about 46 cents a gallon:
http://www.taxfoundation.org/publica...show/1054.html
Government consistently takes two to three times what oil companies make on a gallon of gas.
That doesn't even include the 16 2/3's percent, ( I think that's the number ), of the product that is tapped right off the valve at the well...