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Windfall tax needed?


BOHICA

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  • Gold Member
3 hours ago, Sleepr2 said:

Letting a person or business keep more of their own money is not “ giving “ them anything, something tha MCLiar can’t comprehend.

EV tax credits, Solar energy tax credit…. How you feel about those that let people get to keep more of their own money.

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Commodity based companies generally always do well when their product is high.   Doesn't mean their margin % goes up much if at all.

Sometimes a portion of their inputs remain elevated after the product goes down.   Makes the down times even more down without really constraining input costs.

Most of the time when the media is talking about corporations they are talking gross revenue not necessarily net.

I think a lot of farmers right now will have very high sales this year however with inputs being elevated it won't mean the net income is as high as people might think.   Now when corn goes back to $3.50 and inputs stay high the good years can be offset in a hurry.  Of course they get plenty of govt help as well.   

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3 hours ago, Mainecat said:

Does big oil pay taxes?

In 2021, about 134.83 billion gallons (or about 3.21 billion barrels)1 of finished motor gasoline were consumed in the United States, an average of about 369 million gallons per day (or about 8.80 million barrels per day).
 

 

How much is the federal gas tax in 2022? The federal government imposes a gas tax of 18.3 cents per gallon on gasoline and 24.3 cents per gallon on diesel. That is in addition to the state taxes, which are 30.63 cents on average per gallon on gasoline and 32.29 cents on average per gallon on diesel.Mar 14, 2022

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  • Trying to pay the bills, lol



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