landowner

How much does the ArklaTex stand to lose in taxes if Obama wins?

My guess is if income tax rates are increased to the amount stated under his plan, that billions more in taxes on royalties and lease bonuses in the ArkLaTex will be sent to the government. Even a 10 acre landowner who gets a nice leasing bonus is gonna get nailed for being one of the "evil" rich people making more than 250k per year in household income.

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landownerPermalink Reply by RAY on July 18, 2008 at 9:32
You might not be "evil" rich,but if you taking down $250,000 per yr.
you are no longer going to the outhouse.

landownerPermalink Reply by Count of Monte Cristo on July 18, 2008 at 9:43
in Shreveport, yes. But in areas like New York, Chicago, or Los Angeles, $250,000 is basically middle class.
Permalink Reply by herefordsnshale on July 19, 2008 at 6:00
From what I have read on this post it looks like we have several people who are much more knowledgeable and qualifiled to be president than Barak Obama. I'm pretty sure I can tell you what things will be like under him, think 1976-80! He's so much like Jimmy Carter it's scary, same naivity, same inexperience. It's kind of sad that someone like him even has a serious chance at winning the presidency.

landownerPermalink Reply by Bobi Carr ("parker") on July 19, 2008 at 6:04
I told my son, if Hillary won, we would move to Canada. Obama is scarier than her.
Permalink Reply by Highlighter on July 21, 2008 at 9:55
Don't wait go now.

Oil & Gas ProPermalink Reply by Grillin' - MmmMmm on July 21, 2008 at 9:27
It doesn't take much to be more knowledgeable and qualified than Barrry Obamama. I've got a dog that is more qualified. But the dog doesn't scare me. BammaMama does because our country has too many idiots willing to vote for anyone who promises to give them something for nothing! Hope and Change!! Ha! I just "HOPE" I have some spare "CHANGE" when he's done!

landownerPermalink Reply by Martin on July 22, 2008 at 13:27
Your dollar is worth 40% less today than in 2002. The Republicans have controlled congress most of that time and George Bush has been in office all of the time. Our spare change and royalty payments will soon be worthless if things continue in the same vein for the next four years. I have thought of including an option in my lease contract to take payment in kind of NG sufficient to heat my house and fuel my car.
In the news today: in 2006, 37% of the oil futures contracts were speculative. Now 72% of the contracts are speculative. The Republican congress changed the law in 2006 to permit folks other than end users to by futures contracts. How's that for a liciense to steal?

landownerPermalink Reply by Iris on July 19, 2008 at 6:39
Hey let's dispense with the political votes...it sounds mean...if u want to talk politics go somewhere else...please....

landownerPermalink Reply by Iris on July 19, 2008 at 11:44
Meow

Oil & Gas ProPermalink Reply by Grillin' - MmmMmm on July 21, 2008 at 9:28
Getting Obama dispensed to the trash heap is much more important than the Haynesville shale. Our very prosperity is at stake.

landownerPermalink Reply by Martin on July 22, 2008 at 13:32
See above re prosperity.
Permalink Reply by KAYBABY on July 19, 2008 at 17:06
if he is president, we are all basically doomed the middle class especially upper middle class like us will be soaked

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