Is iTunes tariff putting the music buyer off?

Or even ripping them off?
ACEtone Studio is in the happy situation where every iTunes sale of an Eating Betty track (for example) yields ACEtone Studio 66c or thereabouts.
That goes to me. Nice. But don't get too excited. I don't sell very much!

But, major labels yield the same 66c (or thereabouts - don't know th e exact figure) and give the artist a pitiful microscopic royalty from that sale. Which they probably receive months after the actual download/sale.

So, good for me, but bad for the unfortunate music industry puppet performer.

In my case, I would be perfectly happy to sell downloads for way less. 50c or even 25c would be fine. Would Apple iTunes considere a tiered price scale?
They should give labels the choice of how much they want to sell the tracks for. Of course the major labels in their typical lack of wisdom would push for way higher prices. Personally I would rather see a greater number of track sales resulting in a greater return instead of the current rip-off price which I'm convinced is an impediment to the reluctant online buyer. They shouldn't really be charging more than $5.00 per album.