Sunday, October 30, 2005

Well, isn't that special?

Images of Dana Carvey's Church Lady came to mind (audio) while reading 'Gas Taxes Exceed Oil Companies' Profits':

[F]ederal and state taxes on gasoline production and imports have been climbing steadily since the late 1970s and now total roughly $58.4 billion. Due in part to substantial hikes in the federal gasoline excise tax in 1983, 1990, and 1993, annual tax revenues have continued to grow. Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenues—more than twice the amount of domestic profits earned by major U.S. oil companies during the same period:
Related: Contempt for "Fueling Contempt" and Hands Off The Windfall Oil Profits

Hat Tip: Instapundit


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