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1 posted on 03/06/2014 7:34:58 AM PST by SeekAndFind
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To: SeekAndFind

Tax Increase

FY 2015

FY 2015-2024

 Industry Impact

Increase Amortization Period for G&G

$100 million

$3.1   billion

$3.1 billion

Double-taxing Dual-Capacity taxpayers

$550 million

$10.4 billion

$10.4 billion

Repeal Percentage Depletion:

  • Oil and Natural Gas
  • Hard Minerals

 

$1 billion
$167 million

 

$13 billion
$2 billion

 

$13 billion
$2 billion

Repeal Intangible Drilling & Expensing of Exploration Cost for Coal

  • Oil and Natural Gas
  • Hard Mineral

 

 

 

$2.3 billion
$39 million

 

 

 

$14.4   billion
$680 million

 

 

 

$14.4 billion
$680 million

Section 199

  • Oil and Natural Gas
  • Hard Mineral

 

$1 billion
$36 million

 

$14.2 billion
$726 million

 

$14.2 billion
$726 million

Repeal Tertiary Injectants

$10 million

$100 million

$ 100 million

Reinstate Superfund barrel of oil excise tax

$1.6 billion

$23.2  billion

$ 11.6 billion

Retroactively repeal LIFO accounting

$4 billion

$82 billion

$29 billion

Repeal Passive Loss

$7 million

$74 million

$74 million

Ratchet up Oil Spill Liability Trust Fund tax

$60 million

$1 billion

$1 billion

That’s an energy tax increase of nearly $100 billion by 2024!

2 posted on 03/06/2014 7:36:02 AM PST by SeekAndFind
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To: SeekAndFind

Figures.


3 posted on 03/06/2014 7:36:30 AM PST by madison10
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To: SeekAndFind

If anyone didn’t think he was trying to destroy this country, this is a major nail in the coffin.


5 posted on 03/06/2014 7:43:11 AM PST by Focault's Pendulum (I live in NJ....' Nuff said!)
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To: SeekAndFind
CLOWARD-PIVEN!!!!!
8 posted on 03/06/2014 7:52:16 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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