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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Permalink Reply by Snake Stewart on August 1, 2008 at 16:45
Didn't you just double post, Martin ? With all that spare time I sure could use some help in the yard. Grass is about dead but it still needs cuttin'. HA!HA!
Permalink Reply by Linda on August 1, 2008 at 18:02
You aint right, snake, you aint right, lol
Permalink Reply by Martin on August 2, 2008 at 9:32
Do you provide cold beer in your payment plan?

Just a thought though --- you might want to cut that dead grass and rake it up .... less of a fire risk that way.

ps. I do have too much spare time. But that's my own opinion.
Permalink Reply by Snake Stewart on August 3, 2008 at 9:58
No can do on the beer but theres always a cool sip of tea around here.You could bring your own beer as I tend to be nonjudgmental , wouldn't you say guy's ? HA!HA! That was a funny one wasn't it Ms. Linda . Where you been lately ? Did you girls ever get all those kinks worked out about them mean trees, bombs and psychotherapy ? I've still got my eyes on you girls! LOL !!!!
Permalink Reply by Iris on August 2, 2008 at 5:04
Did they find the missing Elvis plaque in front of the S'port Auditorium?
Permalink Reply by Iris on August 3, 2008 at 4:31
The above comment is a vote for irrelevancy of the entire discussion...no I don't have 2 much time on my hands to read some of it....I am looking for information about the shale...I do appreciate some of the humor...don't want them to build a pipeline under the auditorium....I voted for Hillary --my vote did not count as I live in FL.
Permalink Reply by Yeahuhuh on August 2, 2008 at 12:51
Let's get a real man in there who will drill the Outer Continental Shelf like a naughty bar maid, bring these gas and oil prices DOWN, and be a real hero for the American people by making sure everyone in the oil patch gets to keep their money. We're all heroes and Amurican patriots, us oil and gas folks.

Those other guys and the legions of poor can pay the Bush tax bills. After all, like Monte Cristo said, our elections are a fight of capitalism against socialism, which is really communism and Bolshevikism, and you can't let those jerks have an inch or the next thing they will be wanting to marry your daughter, paint your car red and use your credit card to chop up drugs like they do on CSI.

Besides, I am just going to vote for who taxes me the least no matter what -- the military stuff, the tuff guy talk, having bases everywhere for a hundred years, and getting to irritate Iran -- that's just like extra whipped cream. As far as senatorial and house corruption in the GOP, when you make that much money for a lobbyist or an industry, it's just fair that you get a percentage of it -- Democrats are whiners for complaining.

(How's that? I'm practicing being a Republican, but maybe I am too honest, He,he! I really think that Monte Cristo politicizing this incredible web site for a fight against the communist left is in poor taste. IMHO)
Permalink Reply by po boy on August 3, 2008 at 6:45
My guess would be the tax form would read something like

line 1: HOW MUCH DID YOU MAKE?
line 2: SEND IT IN
Permalink Reply by deh8490 on August 3, 2008 at 9:24
Here is Exxon's tax form:

Line 1: We lost 50 billion dollars.
Line 2: Send us 200 billions dollars.
Line 3: If you dont have it, raise taxes on the suckers.
Permalink Reply by po boy on August 4, 2008 at 16:22
Drawing on his vast 127 days Congressional experience-Obama solved the problem of high gas prices: "Check the air in your tires>>>" and another tax (on no, they wouldn't pass it on to us.)
Tried the Dem's energy plan. Put a solar panel on the roof of my truck,windmill in the bed---cost my enoungh for TWO tanks of gas to get it towed off the highway when it still ran out of gas.
Permalink Reply by VSC DeSoto South on August 7, 2008 at 4:06
The title of this forum should be 'How much does the Arklatex stand to lose in taxes under the new President?' Period, don't blame Obama.

The reality is the taxes are going up whether it is Obama or McCain.
Whoever steps in will have to pay for the unneeded war that Bush started for no reason other than to make himself and his O&G cronies richer.
Leaving all the things at home that needed money out in the cold.
Education, healthcare, infrastructure, homeland protection.
Would you like to personally write a check for all the things you use without thinking about that the government has to pay for? I think not.
I tell my grandkids, you can't have your cake and eat it, too. the truth is, you can if you want to PAY for it!
Let's see if we continue to let these things slide, you will be paying more personally, out of your precious wallet, in security and protection costs because we will have anarchy and a total loss of civility.
This country is in trouble, if you want it to continue on its decline, then you better open up that wallet.
Get your heads out of the sand and realize that we are not the top dogs in the world as we were before. We can't throw our weight around anymore and expect to survive in a world economy.
'stand to lose in taxes' instead of looking at what you stand to lose, look at what most of your have gained by this gas discovery.
If you don't want to pay so much in taxes, be sure to see a professional CPA, they can structure things so you don't pay so much, and give the rest to charity.
You talk about the O&G being greedy, I see alot of greed in this thread.

Oh yeah, I happen to be for Obama and I am a realist.
Whether I had the money I have made so far on the Haynesville or not, I was going to pay taxes. I was going to pay them either way.
Don't hate the player, hate the game.

Have you had a tune up, have you checked your tire pressure, have a bought a non gas guzzling car?
Permalink Reply by Johnyd on August 7, 2008 at 4:12
"Dont Hate the Player, hate the Game" You didnt have to come out and tell us you were an obama supporter....Your quote wouldve givin it away for you! LOL VSC.....AKA PLAYER

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