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originally posted by: Mamatus
Gee, I would like to watch but I get tired of rehashing the same stuff everyone already knows.... I have yet to see anything ground breaking or new come out of this series.
I already know that red is red and black is black......
originally posted by: teamcommander
a reply to: MarlinGrace
Well.... Yes and no.
It is not the government which is getting a share of the money from BIG OIL.
It's those most honorable and trust worthy of men, the politicians.
I would bet a big part of a payday, not the candy bar, that most of the mineral royalties which are owed to the government for BIG OIL drilling of federal lands has not been paid for a long time. Their accountants likely show enough losses to get out of paying.
So rather than saying the federal govrnment is getting anything, replace the term gov. with politician.
Most of the time when I see a reply like the first one on this OP, I am compelled to check out "this same old thing" again and again. It's kind of like comfort food, you know.
I figure if some one is ready to jump out against something, I need to check it out to see what I maight be missing.
I would agree with what you're saying but let me add that in 2013 348 million gallons of gasoline were consumed every day on average 50 cents a gallon are paid in just sales tax, never mind the income tax paid, the permitting fees paid by big oil, and none of this included diesel fuel or home heating oil. I would say the government is doing pretty well for not having to find it, drill it, ship it, refine it, or pay income tax on it. Just stick out their hand and take it.
originally posted by: teamcommander
a reply to: MarlinGrace
I would agree with what you're saying but let me add that in 2013 348 million gallons of gasoline were consumed every day on average 50 cents a gallon are paid in just sales tax, never mind the income tax paid, the permitting fees paid by big oil, and none of this included diesel fuel or home heating oil. I would say the government is doing pretty well for not having to find it, drill it, ship it, refine it, or pay income tax on it. Just stick out their hand and take it.
Don't know where you got your numbers, but as of 1/1/2013 the fed. fuel tax on gas was 18.40 cents /gallon; the tax on diesel fuel was 24.80 cents /gallon.
I have never heard of a sales nor income tax charged toward any fuels; it could be, I have just never heard of it.
The point I am making is to point out the difference in who is "owed" the money and who "gets" the money.
The government is "supposed" to be providing works and services for "we the people", but the main recipients of the funds are the ones best connected to those who hand it out.