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Politics : The Obama - Clinton Disaster
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To: pompsander who wrote (4371)1/5/2009 3:55:10 PM
From: TimF  Read Replies (1) of 103300
 
This combination of geography and romance is the principal reason gas taxes are so astonishingly low in America.

I don't see them as being all that low, let alone astonishingly low. The federal and state governments pull in more from oil than the oil companies do.

They are much lower than in Europe, but that just means that the taxes are very high in Europe.

Of course, it could be argued that very high taxes on gasoline are justified and/or a good idea, but even if that's so, we have high taxes on gasoline in the US now, with state and federal taxes averaging not much less than a third of the after tax retail price of the product, or almost half of the pretax price.
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