When we have a deficit or economic imbalance at the Local, State or Federal level, Liberals are always quick to point at the Revenue side of the equation. Over time, these policies have led to so many hidden taxes on society, that even I forget just how many there really are. The photo to the left reminded me just how many times we are duped when purchasing something in our economy. Arguably, I wonder if the leftists even realize how this works, since they all appear to be economically challenged. Where are all these magical revenue sources that we don't think about in our daily lives?
First there is, obviously, the gas taxes. State gas taxes range from $0.08 (Alaska) to $0.50 per gallon (New York) and everywhere in between. At the Federal level, there is an additional $0.184 per gallon tax. Meanwhile, those evil oil companies are raking in.....are you ready... a whopping $0.07 per gallon in profit. Yet, the left chooses to demonize the oil companies because of their record profits. Never mind that the world is using more fuel. Yet, they complain about the prices of gas, when, in reality, gas prices could be dropped significantly with a few actions. As of 2011, State and Local taxes totalled $41,227,355,000!! If you add the Federal Tax, this grows even larger! So, who's really gouging us? Remember, oil company profits include all sales around the world, not just the US. The taxes are only collected in the US.
