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(Daily Kos)   Poor, oppressed, job creating oil companies in Alaska are outraged after being targeted by big government regulatocrats trying to jam onerous and burdensome multi-billion dollar tax cuts down their throats   (dailykos.com) divider line 26
    More: Sad, oil companies, tax cuts, progressive taxes, Sean Parnell, Alaska Pipeline, gasoline taxes, Health Care, International, Alaskans  
•       •       •

1141 clicks; posted to Politics » on 22 Aug 2013 at 8:49 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-08-22 08:51:03 AM  
Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.
 
2013-08-22 08:53:36 AM  
 

Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.


LOL what the fark are you talking about?
 
2013-08-22 08:54:53 AM  
So, basically they want no taxes and no regulation. That's a shock.
 
2013-08-22 08:55:50 AM  

Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?


I'm not clicking a DKos link. My comment is based on a mouse hover.
 
2013-08-22 09:09:01 AM  

Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.


its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable
 
2013-08-22 09:09:37 AM  
Read more about the rip-off below the fold.

This phrase makes me want to spindle and mutilate.
 
2013-08-22 09:09:42 AM  

Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?


Reading that post made my head hurt too.
 
2013-08-22 09:14:32 AM  

dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable


So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?
 
2013-08-22 09:36:58 AM  

Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.



Hello troll account created at the height of the Zimmerman trial and confirmed birther. Your mouse over comment may explain much of the bullshiat you say.
 
2013-08-22 09:42:58 AM  

Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?


no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.
 
2013-08-22 10:43:20 AM  

dumbobruni: Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?

no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.


I see.

Reading this: http://www.alaskadispatch.com/article/20130819/alaska-asks-oil-compan i es-help-write-rules-oil-tax-cut

It seems the government is trying to pull a fast one on the oil industry job creators.
 
2013-08-22 10:59:34 AM  
Trickle down biatches. Get used to it.
 
2013-08-22 11:10:13 AM  

Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.


For the life of me, I don't understand the appeal of pretending to be stupid on the internet.  Is your life really this hollow?  Is this the only thing you have going for you?
 
2013-08-22 11:13:32 AM  

Aristocles: So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?


Glad you're finally realizing that a flat tax is a tax increase.
 
2013-08-22 11:21:02 AM  

Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?

no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.

I see.

Reading this: http://www.alaskadispatch.com/article/20130819/alaska-asks-oil-compan i es-help-write-rules-oil-tax-cut

It seems the government is trying to pull a fast one on the oil industry job creators.


Washington Times reports:  Under S.B. 21, the state is expected to lose about $600 million in the first year and as much as $4.5 billion over five years

http://www.washingtontimes.com/news/2013/jul/22/alaska-voters-to-wei gh -oil-production-slide-vs-cos/?page=all

so a $4.5 billion tax cut is a socialist takeover?
 
2013-08-22 11:49:28 AM  

dumbobruni: Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?

no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.

I see.

Reading this: http://www.alaskadispatch.com/article/20130819/alaska-asks-oil-compan i es-help-write-rules-oil-tax-cut

It seems the government is trying to pull a fast one on the oil industry job creators.

Washington Times reports:  Under S.B. 21, the state is expected to lose about $600 million in the first year and as much as $4.5 billion over five years

http://www.washingtontimes.com/news/2013/jul/22/alaska-voters-to-wei gh -oil-production-slide-vs-cos/?page=all

so a $4.5 billion tax cut is a socialist takeover?


Your interpretation of those numbers is up to debate. The loss/gain of revenue does not entirely depend on tax rates. For, if the legislation stifles the growth of an industry, less tax revenue will be generated no matter what the rate. It sounds to me as if that's the case in Alaska and that's what Gov Parnell is trying to rectify.

The Alaska democrats, though, want to disincentivize the expansion of the industry.
 
2013-08-22 11:56:41 AM  

Satanic_Hamster: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

For the life of me, I don't understand the appeal of pretending to be stupid on the internet.  Is your life really this hollow?  Is this the only thing you have going for you?


Wait...he's pretending?
 
2013-08-22 01:29:31 PM  
Does this affect the socialistic handouts that the people of Alaska get? There may be a revoltin' when they can no longer get their government mandated bootstrap checks.
 
2013-08-22 02:03:45 PM  

Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?

no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.

I see.

Reading this: http://www.alaskadispatch.com/article/20130819/alaska-asks-oil-compan i es-help-write-rules-oil-tax-cut

It seems the government is trying to pull a fast one on the oil industry job creators.

Washington Times reports:  Under S.B. 21, the state is expected to lose about $600 million in the first year and as much as $4.5 billion over five years

http://www.washingtontimes.com/news/2013/jul/22/alaska-voters-to-wei gh -oil-production-slide-vs-cos/?page=all

so a $4.5 billion tax cut is a socialist takeover?

Your interpretation of those numbers is up to debate. The loss/gain of revenue does not entirely depend on tax rates. For, if the legislation stifles the growth of an industry, less tax revenue will be generated no matter what the rate. It sounds to me as if that's the case in Alaska and that's what Gov Parnell is trying to rectify.

The Alaska democrats, though, want to disincentivize the expansion of the industry.


Errr, no. 

Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: dumbobruni: Aristocles: Great_Milenko: Aristocles: Tax cuts in exchange for Government take-over of your industry vs. high taxes with less Socialism... I'll take the latter.

LOL what the fark are you talking about?

I'm not clicking a DKos link. My comment is based on a mouse hover.

its a move from a progressive tax structure (signed into law by Saint Palin) to a flat tax with many exemptions removed. which is a policy that pro-business conservatives love.

oil industry is crying because they lost the exemptions, and calling the law "too complex" which is laughable

So basically, it's a tax increase due to the loss of exemptions.... are you calling subby a liar?

no, i'm not.

because of the few exemptions that are left, the effective rate falls to an average of 14%, lower than the previous average effective rate.

I see.

Reading this: http://www.alaskadispatch.com/article/20130819/alaska-asks-oil-compan i es-help-write-rules-oil-tax-cut

It seems the government is trying to pull a fast one on the oil industry job creators.

Washington Times reports:  Under S.B. 21, the state is expected to lose about $600 million in the first year and as much as $4.5 billion over five years

http://www.washingtontimes.com/news/2013/jul/22/alaska-voters-to-wei gh -oil-production-slide-vs-cos/?page=all

so a $4.5 billion tax cut is a socialist takeover?

Your interpretation of those numbers is up to debate. The loss/gain of revenue does not entirely depend on tax rates. For, if the legislation stifles the growth of an industry, less tax revenue will be generated no matter what the rate. It sounds to me as if that's the case in Alaska and that's what Gov Parnell is trying to rectify.

The Alaska democrats, though, want to disincentivize the expansion of the industry.


cutting the taxes on new oil digs will disincentivize expansion of oil drilling. Got it.
 
2013-08-22 02:48:56 PM  

dumbobruni: [too long to quote] ... cutting the taxes on new oil digs will disincentivize expansion of oil drilling. Got it.


No, the democrats want to do away with the part that makes some of the oil tax free.
 
2013-08-22 03:17:27 PM  
FTFA:And then there's the issue of actual gauges. The state wants more accurate ones in place and they want them in place earlier. Industry thinks it's too expensive to put gauges on all wells-$750,000 is the price for some gauges and their operational cost is high, too:

Prudhoe Bay alone has 1000 wells so 750 million in gauges right there plus maint.  And how long will it take to acquire and install all those gauges?
 
2013-08-22 04:16:26 PM  

Aristocles: dumbobruni: [too long to quote] ... cutting the taxes on new oil digs will disincentivize expansion of oil drilling. Got it.

No, the democrats want to do away with the part that makes some of the oil tax free.


meaning going back to the way Sarah Palin built the tax code, right?
 
2013-08-22 07:06:23 PM  

pdee: FTFA:And then there's the issue of actual gauges. The state wants more accurate ones in place and they want them in place earlier. Industry thinks it's too expensive to put gauges on all wells-$750,000 is the price for some gauges and their operational cost is high, too:

Prudhoe Bay alone has 1000 wells so 750 million in gauges right there plus maint.  And how long will it take to acquire and install all those gauges?


About half as long as it would take to scrape all the spilled oil off the tundra?
 
2013-08-22 08:46:29 PM  

dumbobruni: Aristocles: dumbobruni: [too long to quote] ... cutting the taxes on new oil digs will disincentivize expansion of oil drilling. Got it.

No, the democrats want to do away with the part that makes some of the oil tax free.

meaning going back to the way Sarah Palin built the tax code, right?


No, meaning stripping the current rules of the incentives to expand. While Palin's way discouraged growth in the industry, if the democrats get their way, it will have the same effect but by different means.
 
2013-08-22 11:33:40 PM  
i.imgur.com
 
2013-08-23 04:49:44 AM  
Lobbying is like any other aspect of business. Corporations will lobby continuously as long as the projected revenue is greater than the cost of lobbying. There's no concept of "This is a fair deal, time to let it go".
 
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