| Kasz216 said: That particular tax only works because you can write off state taxes when paying federal taxes. Those oil companies aren't actually paying anymore in taxes then they normally would. It's just going to the people in Alaska. Compare the oil companies profit margins vs the average companys and you'll see that they really aren't "raking in the cash" but actually performing fairly normally. The problem with a windfall tax of any kind is that it limits the amount of profit one kind of company can make... making people less likely to invest there.
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Well.. Honestly, I haven't researched profit margins for Oil companies all that much... In normal times, this is about their profit margin..
That's in 2005. Before record oil prices and gasoline prices here in the US and the World. So a bit over 8%.
Do I think that they are actually higher now, or at least, the past year? Possibly. The oil companies haven't gone drilling away and have not increased the number of refineries at all, so I have to question it when their profit margins increase, but they don't seem to have a huge increase in their overhead? Unless of course, we are talking about the companies who buy the oil from somewhere else, and still have to pay the inflated amount.
Well, I will admit, that you may be right, but I'd have to do alot of research to figure that out. ;)
If I find something with recent analysis, I will post it. ;)
My pokemon brings all the nerds to the yard. And they're like, "You wanna trade cards?" Damn right, I wanna trade cards. I'll trade this, but not my charizard.
