anuthervoice
pining for the fjords
Cuz you know those big bad oil companies are passing this cost right down the line.
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New tax on gas?
Maybe if you buy a quart of motor oil. But with respect to gasoline prices- with market forces being what they are it's not practical that such taxes are able to be passed along to consumers.
Re: Obama's comment on oil company taxes- this is nothing new. It's been in his budget proposal since it's inception.
A word about these proposed "taxes". Obama speaks of rolling back provisions of the tax code- many of which were enacted 60 years ago.
Keep in mind that over 90% of the oil and natural gas activity generated in this country is done by independents - not multinational majors. Independents do not control the entire marketing loop (from drill bit to gas pump).
This thread, as I presumed, is lame and dead.
No they're not ALL passed on to consumers.Maybe if you buy a quart of motor oil. But with respect to gasoline prices- with market forces being what they are it's not practical that such taxes are able to be passed along to consumers.
Re: Obama's comment on oil company taxes- this is nothing new. It's been in his budget proposal since it's inception.
All taxes are passed on to comsumers.
Gas and Oil are compaines.
All compaines collect taxes they do not pay taxes.
A word about these proposed "taxes". Obama speaks of rolling back provisions of the tax code- many of which were enacted 60 years ago.
Keep in mind that over 90% of the oil and natural gas activity generated in this country is done by independents - not multinational majors. Independents do not control the entire marketing loop (from drill bit to gas pump).
This thread, as I presumed, is lame and dead.
linky?
http://www.nytimes.com/2010/07/04/business/04bptax.htmlBut an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.
No they're not ALL passed on to consumers.Maybe if you buy a quart of motor oil. But with respect to gasoline prices- with market forces being what they are it's not practical that such taxes are able to be passed along to consumers.
Re: Obama's comment on oil company taxes- this is nothing new. It's been in his budget proposal since it's inception.
All taxes are passed on to comsumers.
Gas and Oil are compaines.
All compaines collect taxes they do not pay taxes.
Disallowing a legitimate expense as an offset to taxes is not in itself a tax.
This is of what Lord Obama speaketh.
And I'll reiterate- being involved in energy markets is not the same as selling pizzas.
A surtax on pizzas is easily passed along to pizza gobblers.
But there is no way in hell for an energy company- at any point of the marketing "loop" - to pass along increased tax liability that is borne of a negation in legitimate business deductions.
A word about these proposed "taxes". Obama speaks of rolling back provisions of the tax code- many of which were enacted 60 years ago.
Keep in mind that over 90% of the oil and natural gas activity generated in this country is done by independents - not multinational majors. Independents do not control the entire marketing loop (from drill bit to gas pump).
This thread, as I presumed, is lame and dead.
linky?
There is no link to your ignorance. You're a classic fail.
Won't a new tax just be negating some of the subsidies?
You Merkins don't know what you want.
Oil Companies Reap Billions From Subsidies - NYTimes.comBut an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.
Won't a new tax just be negating some of the subsidies?
You Merkins don't know what you want.
Oil Companies Reap Billions From Subsidies - NYTimes.comBut an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.
did you just call me fat?
Won't a new tax just be negating some of the subsidies?
You Merkins don't know what you want.
Oil Companies Reap Billions From Subsidies - NYTimes.com
did you just call me fat?
Not intentionally, but a quick search suggests that I might have called you a pubic wig!!!
Sorry about that.