the TARP money that was loaned out to banks, AIG, GM, Chrysler that was repaid? I believe that all this has been repaid except some for AIG which they say they will pay, and a billion or so for Chrysler (that they are not going to repay)
Did it just evaporate? Don' hear anything about the...
Tex wrote:
Tex, the taxation of capital gains at a lower rate has a good justification. If you purchased a capital asset for $1000 twenty-five years ago and sold it today for $2000, you would get dinged for $150 in capital gains tax even though you suffered a real loss of more than half of...
Just another attempt to foment class warfare.
WW is so right - The US is so buried in debt at the personal, local government, state and federal level that any hope of extricating ourselves is a false hope, Even if we ignore the unrecorded debt of social security, medicare, medicaid.
And of...
Many states, if not all, have ways of collecting road taxes for fuels such as propane where tax cannot be collected at the pump, Why would electric cars be any different?
TSR wrote:
TSR -
All the oil companies I am familiar with orint an annual report AND A STATISTICAL SUPPLEMENT which provides great detail on all financial activity during the year. You could save yourself a lot of guessing and unresearched comments if you would ask for a copy.
OG
Tex, I do not profess to be a tax accountant now, but I was a tax compliance manager for many years. I learned the tax law.
But I also learned that trying to teach outsiders was a waste of time - and I don't have enough time left to waste.
OG
Tex wrote:
For crying out loud, Tex, go read the doggone law. Integrated oil companies haven't had depletion since the early 1980s. If you can't comprehend the law, quit preaching on it.
Do you even know what intangible drilling cost are? Granted that the tax treatment oif IDC is...
I think the oil depletion allowance was phased out in the 1980s, I was working in the tax compliance unit of one of the largest oil companies at the time. We did an analysis (was done as an adjunct to our federal tax return) that showed that every field we owned and the percentage depletion...
FH,
Actually, this is not my first post. I used to be Cowpuncher, but suddenly I couldn't login. After a quick look in the mirror, I figured that my new name was more appropriate anyway.
Actually, today is our 53 wedding anniversary.
Oldgoat
I really don't think that I am rich, but a lot of others do.
So why don't I want my taxes raised even though I can afford it?
1. I am a lot better money manager than the government is.
2. Regardless of how much the government takes in, they spend it and more.
3. The government spends...