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05-12-2008, 07:38 PM #23
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Clinton Joins McCain on Gas-Tax Holiday; Obama Opposes
Instead of removing the gas tax for 3 months(thats what pays to pave and repair the roads), and tax the oil companies for that money up front, how about this...
As a small business owner, I pay over 30% in just federal taxes on my *NET PROFIT*....maybe the oil companies should be taxed the same?? If you take a 3rd of theyre *NET PROFIT* in taxes, they would "only" be making 30 BILLION DOLLARS profit per oil company per quarter(dial 1-900-waahhh). Tax on their net profits can't be passed on to the end user in higher prices, because its on their net profits, not gross reciepts. If they tried to pass it on, they will pay more taxes on the higher prices. If they drop the prices, they won't have to pay so much in taxes. Is everybody confused now??
I figure its pretty simple... the more profit they make, the more money they pay in taxes. As I said before, with me being a small business owner, it sucks when I have to take everything I have save up to use for replacing worn out tools and/or equipment, of another service truck to grow my business, I end up having to send that money to the feds in taxes. Lets give a little of that tax liability to the oil companies.
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