informationliberation
The news you're not supposed to know...




An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Oct 12 2012, 4:04 AM Category: Economy Source: r/Libertarian Print

Who's the villain? [Pic]







Latest Economy
- Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year
- EFF, Internet Archive, and reddit Oppose New York's BitLicense Proposal
- Who's Afraid of the Workers' Revolution?
- Sports Stadiums: Temples to Crony Capitalism
- Obamacare Architect Says Society Would Be Better Off If People Only Lived To Age 75
- Elizabeth Warren Says US Has "No Future" If Free-Market Embraced
- Cost of Renouncing US Citizenship Goes From Free In 2010 to 450$, And Now It's Been Jacked to $2,350
- Colorado's Illegal Pot Market Thrives









Comments 1 - 3 of 3 Add Comment Page 1 of 1
Nickel's2bits

Posted: Oct 12 2012, 1:29 PM

Link
97104 Who can fall for such obvious BS? We used 134 billion gallons of gasoline last year; and the gasoline companies did not make their monstrous $62.2 billion last year at $0.07 per gallon.

No, the above mixes up the facts a little and on purpose, too. Dividing out the above, the oil companies made $0.46 per gallon sold, and, unsurprisingly, the current federal fuel tax is $0.184. (Local taxes can add more, yes.)

Of course, part of that profit is the incentives and subsidies the government gave the oil companies, which amounted to somewhere around $7.5 billion last year. Since the government took in around $24.5 billion last year in tax, that means they gave about a third of that 0.184 back to the oil companies. So the real federal tax works out to about $0.127.

But doesn't that mean the graphic above is an outright lie?

Of course it does.
Anonymous

Posted: Oct 14 2012, 12:08 AM

Link
24177 The point is (or should be) that the owner of the product should be able to offer it for trade at whatever price they see fit. The Govt has no legitimate claim to take anything from the trade, but they do have the power to enforce their illegitimate claim.
Nickel's Two Bits

Posted: Oct 14 2012, 12:32 PM

Link
97104 Excuse me, but they do sell it for what they want: the government is taxing the BUYER not the seller. Not saying the tax is good; but if the graphic implies that the oil companies are paying this, then that, also, is a lie.


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

Mission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement' - 10/23Chicago Cop Who Assaulted 89-Yr-Old For Requesting He Stop Cursing Gets 3 Years - 10/23Canadian PM Vows To Take Away Citizens' Rights In Response To Parliament Attacker - 10/24Protesters Who Planned To Smash 'Police Brutality' Pumpkins Arrested For Littering, Assault - 10/24NYPD Officer Mistakes Fellow Cop For Suspect, Kicks Him In The Head - 10/24NYPD Looking Into Arrest Of Subway Performer After Video Goes Viral; Arrest Voided - 10/24Doctor Assaulted by Police at Dying Son's Birthday, Tasered so Many Times He Had a Heart Attack - 10/23Ottawa Shooter Was Crack Addict Who Repeatedly Tried To Get Arrested: Report - 10/24

Rialto, CA Police Made to Wear Cameras, Use of Force Drops by Over Two-ThirdsCop Who Karate Chopped NY Judge In Throat Gets Off Scot-FreeFlorida Cop Smashes Compliant Woman's Face Into Car -- "Maybe Now You Can Understand Simple Instructions"VIDEO: Lapel Cam Reveals A Day In The Life Of A U.S. Police Officer (Tasing, Beating, Breaking & Entering, Stomping On Heads... and Laughing About It)Caught On Tape: Officer Sucker Punches Inmate In Face, Files Report Claiming 'Self Defense'Insult Person On Twitter, Go To JailSWAT Team Brings TV Crew To Film Raid Against Threatening Internet Critic -- Raids Innocent Grandma InsteadCop Karate Chops NY Judge In The Throat
(more)

 
Top