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Industry testifies on plan to cut Alaska oil taxes (Palin Smackdown)
SF Gate ^ | 2/17/11 | Becky Bohrer

Posted on 02/16/2011 10:49:44 PM PST by pissant

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To: sickoflibs

Well, I think every Republican should be known for a legacy of raising taxes on Evil Big Oil.


81 posted on 02/17/2011 11:19:26 AM PST by pissant ((Bachmann 2012 - Freepmail to get on/off PING list))
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To: pissant
RE :"Well, I think every Republican should be known for a legacy of raising taxes on Evil Big Oil."

If she smiled at you you would understand. She did it for the taxpayers.

82 posted on 02/17/2011 11:23:00 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: All

I will give you two indisputable Palin facts:
1. She ran Alask better than obama is running America.
2. She would run America better than obama is running America.


83 posted on 02/17/2011 11:30:53 AM PST by Maverick68
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To: pissant
"ROFL. Yeah, that’s it. Evil Big Oil"


I get enough of the "evil corporations" nonsense from my Socialist Senator Bernie Sanders.
84 posted on 02/17/2011 12:09:56 PM PST by rob777
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To: org.whodat
The damn oil pipe line was built by the united states, not the little state government.

You moron, nothing could be further from the truth.

Trans-Alaska Pipeline System

"The crude oil pipeline is privately owned by the Alyeska Pipeline Service Company."

Since the completion of the Trans-Alaska Pipeline System in 1977, the government of the state of Alaska has been reliant on taxes paid by oil producers and shippers. Prior to 1976, Alaska's personal income tax rate was 14.5 percent—the highest in the United States.[94] The gross state product was $8 billion, and Alaskans earned $5 billion in personal income.[93] Thirty years after the pipeline began operating, the state had no personal income tax, the gross state product was $39 billion, and Alaskans earned $25 billion in personal income.[93] Alaska moved from the most heavily taxed state to the most tax-free state.[94][95]

---------------------------------------------------------

To correct YOUR statement... the pipeline cost $8 billion to construct. HOWEVER, "we" as the US government did NOT build the pipeline, nor pay for it.

It was the largest PRIVATELY funded construction project at that time.The costs were paid by the Alyeska Pipeline Service Company.

Do you ever get tired of being an idiot? I guess you have to just accept it. lol

85 posted on 02/17/2011 1:57:23 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: TigersEye; onyx

bttt - thanks for the info.


86 posted on 02/17/2011 2:21:12 PM PST by Liberty Valance (Keep a simple manner for a happy life :o)
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To: Liberty Valance

Not a problem. Just took a two minute web search.


87 posted on 02/17/2011 2:37:15 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: TigersEye

Wrong moron, the government built it, it was supposed to be paid for over time, like other government deals i doubt it ever happened ,and let the welfare queens in Alaska pay their own way.


88 posted on 02/17/2011 7:24:08 PM PST by org.whodat
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To: org.whodat
Apparently you can't even read you dumbass.

...i doubt...

At least you sourced that post. LOL

89 posted on 02/17/2011 7:31:17 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: TigersEye

I would let your childish. Personal attacks get you taken down, since the violate the rules here, but I doubt you are worth the bother. And it let’s other see what a loon looks like.


90 posted on 02/17/2011 7:38:41 PM PST by org.whodat
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To: org.whodat
The first childish personal attack between us was made by you right here in post #38. Now it is clear why you can't wrap your dysfunctional brain cell around the two simple words. "Privately funded." As in the Trans-Alaska pipeline.

Now if you're stupid enough to hit the abuse button after making the first ad-hominem attack then go for it.

91 posted on 02/17/2011 8:33:46 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: TigersEye

Clown is a personal attack, you are dumber than a box of rocks.


92 posted on 02/17/2011 8:51:54 PM PST by org.whodat
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To: org.whodat
Clown is a personal attack,...

Were you referring to yourself, Bozo?

93 posted on 02/17/2011 8:55:27 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: pissant

http://www.housemajority.org/ Overview
This report reviews and summarizes information gathered over the approximate five year
period since the implementation of the Petroleum Profits Tax (PPT) in 2006, and in
2007, Alaska’s Clear and Equitable Share (ACES). The report covers six critical
elements for evaluation and a section with conclusions and recommendations, as
follows:
http://www.housemajority.org/coms/hres/27/OG_Tax_Report_20110118.pdf


94 posted on 02/17/2011 9:22:54 PM PST by anglian
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The state has seen new entrants into the Alaska oil and gas industry since the
implementation of a net profits production tax. At the most recent lease sale held in
October of 2010, a company new to Alaska successfully bid on over 100 tracts of oil
and gas property. The steadily increasing number of production tax returns filed
annually also indicates companies’ new or renewed interest in Alaska’s oil and gas
opportunities. In 2006, the first year that filings were made under a net profits tax,
there were 19 companies filing annual returns. In 2007, the number of companies filing
production tax returns totaled 26, and in 2008, 36 companies filed annual production tax
returns. The filing for 2009 increased only slightly from 2008, with 39 companies filing
returns.


95 posted on 02/17/2011 9:41:48 PM PST by anglian
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To: org.whodat
... the state of Alaska was bought, it belongs lock stock and barrel to the American tax payers. The johnny come lately that live there have no bigger claim than the rest of americans. And this welfare craps needs to stop. That excludes the native indians that have a seperate status.

Not sure what point you were making to that other poster.

But the info in your post sounds wrong.

The state of Alaska owns 24% of the land in Alaska, the Federal Government owns 63% and 12% is owned privately. I believe the royalties come from state owned land, and not Federally owned land.

Besides the Feds don't allow drilling on their land which means that the American Tax payers have NO Claim.

96 posted on 02/18/2011 11:30:08 AM PST by FreeReign
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To: dila813
You don't know squat about Alaska Oil revenues.

For decades, there has been a Permanent Fund Dividend paid to every Alaska Resident of around $1,000 per year, per person.

And you are making the claim that Palin finally confiscated some of that evil Oil company/Washington DC who was “robbing” Alaska to feed the beast in Washington?

Well hear this genius, the Oil lands being drilled upon, belongs to the Federal Government in the first place. The Alaska Natives and the State residents also get a healthy share in the revenues. So nobody was getting stiffed other than the Oil Companies!

97 posted on 02/18/2011 11:39:22 AM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: PSYCHO-FREEP

Your right on bub, I don’t know squat.

I never knew about this amazing technology what allows oil to instantaneously teleport from a federal oil reserve to the lower 48 without crossing and using the infrastructure of the State of Alaska.

I also didn’t know that no drilling happens on state owned, private property, or that the 50 mile state economic exclusivity zone off shore had been reclaimed by the Federal government.


98 posted on 02/18/2011 11:49:00 AM PST by dila813
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To: dila813
Judging by your original post and the Populist rhetoric you spewed, you have zero credibility.

I lived and worked at Prudhoe Bay for Standard, Chevron, BP and ARCO for 20 years. I have a pretty good handle on what goes on there. And here again, the Oil is transported down the Trans Alaska Pipeline (Alyeska) mostly across Federal land.

My original assessment of your belligerent posts still stands.

99 posted on 02/18/2011 12:02:34 PM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: PSYCHO-FREEP

All Hail the God of Freep Land Psycho-Freep


100 posted on 02/18/2011 12:33:10 PM PST by dila813
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