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From 1977 to 2004 U.S. oil companies made $630 billion profit. Before they got to that bottom line they paid $518 billion in federal and state corporate taxes.
Now, who is ripping off whom?
Wait! Over the same years governments took in another $1.34 trillion in excise fuel taxes. The oil companies had to collect that money and pass it on to governments.
In other words, governments grabbed nearly $2 trillion in taxes on oil and oil company profits. While oil companies made less than a third of what governments collected.