Timothy Stolz

U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006

User 290436....how were you able to determine that the $90.445 million from the EIA data Table B5 was likely employee paid? It would be important to know without a doubt that what you say is fact.
I understand WHAT it is you are saying, I am just not certain as to the "definition" of the $90.445 number of what was reported in Table B5.
Can you or Mark Perry elaborate?

U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006

Thank you for the documentation links to the EIA statistics. I ran a couple of copies for the "neighborhood loudmouth" who is always bashing the oil companies. I am opposed to the windfall profits tax as I believe it will damage our oil companies ability to compete in the world markets. This nut case goes out of his way to "preach" that the villian of high gas prices are the sinister oil companies, and that they should either pay more tax or be nationalized.
I doubt this will shut him up....but it will make me feel better!