Thread: 110mpg mustang
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Old 07-08-2008, 08:16 AM   #56 (permalink)
john_bud
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That's for imported oil and is the "at the pump" portion. They are also paying taxes on operations profits which adds a lot more tax than that and guess who's wallet it eventually comes from?


Domestic oil also has an additional 18% royalty added for every barrel pumped out of the ground from Federal leased lands.

While I don't like to be pointedly political, please investigate the "fair tax" that Boortz promotes. I've checked his books out from the library and as written the fair tax WILL both increase revenue to the government (not a good thing) and will decrease our payment to the government (a good thing). But it will never pass without an avalanche of grass roots support as it takes away the real reason the tax codes is over 10,000 pages. Why so long? So politicians can punish enemies and reward friends. If it wasn't that way, the tax code would easily fit on a 3x5 card....


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