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Windfall profit taxes?

Discussion in 'BBS Hangout: Debate & Discussion' started by Bogey, Nov 4, 2008.

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robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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Bogey said:

So no one has a good explanation of windfall profit taxes? I'm really not that clear. My boss just mentioned how last time most people were getting pay cuts, no bonuses and just happy not to lose their job. Oil and gas companies were not doing as much exploration and drilling and our dependency on foreign oil grew.

I was hoping to get others that had gone through it or know more about to give a better explanation. I don't have much knowledge of it.
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the windfall profit tax obama proposed was taxing any oil sold over $80/barrel.

#21 robbie380, Nov 4, 2008

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