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11-09-2005, 09:11 PM
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Confirmed User
Join Date: Jan 2004
Location: Uranus
Posts: 2,808
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Windfall profits tax on oil companies?
I've been laughing every time I see some senator or whoever on TV today questioning why oil companies have had record profits this year. These record profits mean they are paying record tax rates -- windfall profit tax when they are already paying close to a 50% tax rate?? This isn't the 1970s, these guys need to stop making fools of themselves and pick up a real economics book.
http://blog.mises.org/archives/004299.asp |
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