Oil companies need to pay more

Posted by Stranded in Sonoma

Check out the taxes on a gallon of gasoline in The People’s Socialist Quagmire of California. Click on the photo to biggify. Below is a table with the information.

18.4 ¢  Federal
35.3 ¢ State & Local 
53.7 ¢ Total

I took this photo while filling up today. Gas at a local ARCO station was $3.99 per gallon. Excise taxes make up 53.7 cents a gallon. By the way, the sales taxes are also included in the price. So if I subtract 7.5% city sales tax from the $3.99 and then 53.7 cents from that (yes, excise taxes are taxed again by the sales tax), that comes to gas being about $3.15 per gallon.

Just remember, when you see a license plate that says FBIGOIL (I did, it was on a Prius) or one of your knuckle-dragging liberal friends says that Big Oil (whatever that is) should pay more taxes because of their “windfall profits,” remember who will be paying that tax. Yeah you. The schlub at the pump.

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