Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Smokin' Joe
Who is getting the free ride?

You say since there is oil in North Dakota then you should not have to pay property tax. What's someone else's oil got to do with your tax bill?

Do you understand diddley squat about the oil industry, where crude oil prices come from, the Federal Government's role in increasing the price of fuels, the distribution of or blending of gasoline, tax structures, any of that? You can own a dozen oil wells, but you fill up at the same pump everyone else does, pay the same price, and the same taxes (Federal and State, at least within the same state).

When our system crashes we're going to need a total reset. Like I said I would support an amendment to the Constitution limiting the government to just four ways to collect revenue, all else would be tax and fee free. Just an income tax and an acreage tax would be very growth friendly and job friendly. We need to get rid of all taxes and fees save for perhaps some infrastructure use fees (I can't see any other way to fund interstate highways and I don't like the gasoline tax, its anti-growth).

24 posted on 05/22/2012 3:10:34 PM PDT by Partisan Gunslinger
[ Post Reply | Private Reply | To 23 | View Replies ]


To: Partisan Gunslinger
No, when the state, which is tasked with paying for schools, roads, and sewers, from tax collections has $6,000,000,000.00 dollars more than it needs, tax collections have been excessive. Keep in mind that this isn't California, it only costs about a billion a year to run this state, and that only after significant budget increases.

Therefore, too much money is being collected by the state.

Rather than issue checks, just eliminate one of the forms of getting revenue: the one in question is the property tax. The Constitutional measure goes up for a vote on June 12 to eliminate that tax.

The State still has 33 other major taxes to get revenue, among those an extraction tax on oil, sales taxes, and fuel taxes. Those other taxes will be sufficient to run the State. The State also gets oil royalties from production on State lands.

In short, no one is getting a free ride, just a reduced fare.

Back to your acreage tax. It isn't growth friendly. You can't grow without food.

26 posted on 05/22/2012 6:06:19 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson