President Barack Obama on Tuesday (Dec. 20) designated the bulk of U.S.-owned waters in the Arctic Ocean and certain areas in the Atlan... Read More
August 25, 2016
America’s oil and natural gas industry supplies tens of millions of dollars a day to the U.S. Treasury in the form of income taxes, rents, royalties and other fees. That adds up to more than $30 billion a year.
The oil and natural gas industry's effective tax rate is among the highest of all industries:
See chart here.
The oil and natural gas industry's Earnings per Dollar of Sales (EPD) is among the lowest of all industries: See chart here.
For more about Energy and Taxes - visit www.EnergyAndTaxes.com.
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