Monday, February 25, 2013

Does California Need An Oil Severance Tax?

I used to think it didn't sound like that bad an idea. After all, every other state has one, don't they? Well, no, not all do. Some, as it is with California, have other forms of taxes that pretty much replace oil severance taxes.

This California Political Review article gives some details on California oil and gas taxation in comparison with other states. I realize many readers probably support increased taxes on oil and gas companies, regardless of how much they already pay. This being California, many don't want more oil or gas extraction in the state, either.

Just thought I'd throw this out there.


At 8:12 PM, Anonymous Anonymous said...

"Henchman Of Justice" says,

Sure seems taxes always find a way to "trickle down economically" away from the entity being taxed, so really not a tax until paid for by the consumer....just another reason to get rid of ALL INCOME TAXATIONS and implement a sales tax only on the "non-basics" not needed to support life. Obviously, forced consumption on today's society becomes a basic necessity to a certain degree. So, no taxes on the fuel to get to and from work, no taxes on basic insurance, bonding, etc... for the main vehicle to get to and from work, no taxes on any government fees charges, no taxes on any business necessities, no taxes on any employee necessities, etc...(aside from including no taxes upon basic clothing, non restaraunt or factory food, healthcare, main housing, etc... Obviously some negotiations are to be deliberated.

The point is to SHRINK GOVERNMENT DOWN TO THE BASICS and "free-up" private sector wealth for the private sector, especially those who work to create the wealth; and for the loser types who sham other people's wealth because they won't work for their wants and needs, well screw 'em, let 'em fend for themselves (aside from the very small percentage of physically and mentally incapable persons! - HOJ


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