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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Replies to This Discussion
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Permalink Reply by el paso techA1 on -
This technology already exists. With a few modifications and a few tanks, a gasoline engine will run on natural gas now. This has been available for years. Lived in Lafayette before 2000, there were a few stations to deliver gas to cars.
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Permalink Reply by Shaq on
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It doesn't matter who wins. Income taxes will be going up substantially either way. You can book it. Also, it's fairly likely that payroll taxes will be uncapped as well. Just get used to it and factor it into your generation planning.
What you should be focused on is setting up estate planning that allows your heirs to avoid the rapacious inheritance tax, which will likely be 55% or higher by the time any Shale money comes in.
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Permalink Reply by barneyfife on
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Yeah, taxes will go up, but look at the free health care and other free stuff we'll get. And we'll have all this alternative energy supply that will be free too!
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Permalink Reply by Count of Monte Cristo on
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I assume that you are being sarcastic here. There will NEVER be such a thing as "free" health care. It will be paid for by the taxpayer and through further depreciation in the strength of the dollar as our national debt balloons in the years and decades to come.
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Permalink Reply by po boy on
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I assume we ignore the number of people from countries with cradle to grave health care who are standing in line in America for treatment? And the tax rates live with?
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Yeah, I was being sarcastic, but I am very much afraid that Obama will win and then its get even time. The press has convinced the public that the cure for everything is more taxes and government. Their view seems to be that the only reason socialism hasn't worked in other places is that the wrong people were not in charge.
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Permalink Reply by Ladyoaks on
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I contend that for a nation to try to tax itself into prosperity is
like a man standing in a bucket and trying to lift himself up by the
handle.
-Winston Churchill
A government which robs Peter to pay Paul can always depend on the
support of Paul.
- George Bernard Shaw
If you think health care is expensive now, wait until you see what it
costs when it's free!
-P.J. O'Rourke
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Permalink Reply by shelby on
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i think freedom means "being free" to pursue happiness and the likes without government defining what that is for the individual. capitalism means making money, with no governmental restraints (right) and free market determination; and socialism is kinda like popular anarchy. is that right?
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