George Will, " A Poverty of Thought ," Washington Post, September 13, 2005. Three not-at-all recondite rules for avoiding poverty: (1) Graduate from high school, (2) don't have a baby until you are married, (3) don't marry while you are a teenager. Among people who obey those rules, poverty is minimal.
Federal and State excise taxes on fuel account for an average cost of approximately 62 cents per gallon. That's a combined tax of about 20% per gallon of gas. The average profit per gallon of gas for oil companies: 10 cents according to the EIA. Thomas Sowell put it this way: The government collects far more in taxes on every gallon of gasoline than the oil companies collect in profits. If oil company profits are "obscene," as some politicians claim, are the government's taxes PG-13?
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