Who do you support for Governor in Oh...
xxxrayted

Brook Park, OH

#20151 Aug 28, 2013
Old Guy wrote:
<quoted text>
"One major tax break for energy companies is a nearly century-old benefit letting them deduct "intangible drilling costs" (IDC) immediately rather than over time.
Most of the IDC is for the labor costs of drilling a well.
Legislation drafted by Democratic Senator Robert Menendez would limit this break, among others. Ending it completely would raise $14 billion over a decade, according to the White House."
"Many tax experts across the political spectrum said the IDC is a clear exception made for oil."
http://www.reuters.com/article/2012/03/26/us-...
Oil depletion allowances, the first category, principally apply to small independent producers, with similar benefits available for all mineral extraction, timber industries, etc., allowing them to pass the depletion on to individual investors. Large integrated corporations haven’t been eligible for these since the mid-1970s. Expensing indirect drilling costs involves writing off expenses in the year incurred rather than capitalizing them and writing them off over several years. Closing this “loophole” would only change the timing of taking the expense, not the total amounts of the so-called “subsidy”.

http://www.forbes.com/sites/larrybell/2013/07...
MARY

Anonymous Proxy

#20152 Aug 28, 2013
HERE'S SMALLEST MAN IN THE WORLD

READ HERE

http://goo.gl/aF5phj
You dishonored your Oath

Ray, OH

#20153 Aug 28, 2013
John Kasich are you going to fill the vacancy of judge in Logan County that Michael L. Brady refused by not filing his bond? He not only has violated the Ohio Constitution and Statutes but Federal 5 USC 2906!

Or are you going to keep sweeping this under the rug because it is a Republican county and praying nobody cares??

Our forefathers would be ashamed I am sure....
Wth

United States

#20154 Aug 28, 2013
You people must be really bored
xxxrayted

Brook Park, OH

#20155 Aug 28, 2013
Wth wrote:
You people must be really bored
Fire calling the kettle black?????
Old Guy

New Carlisle, OH

#20156 Aug 28, 2013
xxxrayted wrote:
<quoted text>
Oil depletion allowances...
"Intangible drilling costs" (IDC) deductions are different from oil depletion allowances, and available to all oil companies, not just small ones.

"Intangible Drilling Costs: These costs include everything but the actual drilling equipment. Labor, chemicals, mud, grease and other miscellaneous items necessary for drilling are considered intangible. These expenses generally constitute 65-80% of the total cost of drilling a well and are 100% deductible in the year incurred."
http://www.investopedia.com/articles/07/oil-t...
Plain and Simple

Fort Thomas, KY

#20157 Aug 28, 2013
xxxrayted wrote:
<quoted text>
Fire calling the kettle black?????
I could be mistaken but I have always heard, "pot calling the kettle black". I think that that makes more sense.
But if you ask Canton, what do either of us know? roflmao
Plain and Simple

Fort Thomas, KY

#20158 Aug 28, 2013
Wth wrote:
You people must be really bored
No more bored than you for you even posting.
Start something that you think is 'exciting & stimulating' & see what comments you get.
PopsIsTheWeasel

Canton, OH

#20159 Aug 29, 2013
Plain and Simple wrote:
<quoted text>I could be mistaken but I have always heard, "pot calling the kettle black". I think that that makes more sense.
But if you ask Canton, what do either of us know? roflmao
Gee Pops. After all that whining you did about me changing my screen name, here you are. So let's recap. You cried about name calling, followed by me posting several examples of you calling others names. Then you got caught posting Tea Bagger propaganda from an email newsletter and denied it, followed by you claiming that it was all just a big misunderstanding, and that you weren't lying (again), but didn't word it properly. Now you change your screen name. So you are a hypocrite and a proven liar (again). You are GOP to the bone, no matter how much you lie about that too.
YourPappyBuiltTh at

Canton, OH

#20160 Aug 29, 2013
UdintBuildThat wrote:
<quoted text>
You've never worked a days worth of work in your life.
You should stop on by the steel foundry where I worked and share your opinions with them. Be sure to bring about a 100 people because your little momma's boy @ss wouldn't make it out the door.
YourPappyBuiltTh at

Canton, OH

#20161 Aug 29, 2013
Neat little fact about the agenda you guys suck off every time you vote...

If the minimum wage had grown at the same rate as the wages for the top 1%, it would be $28.34

Keep on voting against your own agenda, idiots.
yep123

Delta, OH

#20162 Aug 29, 2013
?
xxxrayted

Brook Park, OH

#20163 Aug 29, 2013
Plain and Simple wrote:
<quoted text>I could be mistaken but I have always heard, "pot calling the kettle black". I think that that makes more sense.
But if you ask Canton, what do either of us know? roflmao
Actually both of those are legit. I just used the one that came to mind. LOL!
xxxrayted

Brook Park, OH

#20164 Aug 29, 2013
Old Guy wrote:
<quoted text>
"Intangible drilling costs" (IDC) deductions are different from oil depletion allowances, and available to all oil companies, not just small ones.
"Intangible Drilling Costs: These costs include everything but the actual drilling equipment. Labor, chemicals, mud, grease and other miscellaneous items necessary for drilling are considered intangible. These expenses generally constitute 65-80% of the total cost of drilling a well and are 100% deductible in the year incurred."
http://www.investopedia.com/articles/07/oil-t...
The point is it wouldn't solve anything. They would just write if off throughout seven years instead of one.

The secondary point is that oil and gasoline companies are not getting all these tax breaks as the leftists would have you believe. They are not that much different than any other company that gets tax deductions. Leftists hate oil and that's why they started the myth of these supposed breaks. Yes, those write-offs do save them billions, but that's because nearly everybody in the world uses oil so their write-offs amount to billions.

It's just like the Wal-Mart myth. Wal-Mart is a great place to work and offers you the best chance at advancement. It's just that they are the largest store in the country and are not union. That's what Democrats don't like about them. K-Mart, Target and all the other competing stores pay their lower skilled employees the same.
xxxrayted

Brook Park, OH

#20165 Aug 29, 2013
YourPappyBuiltThat wrote:
Neat little fact about the agenda you guys suck off every time you vote...
If the minimum wage had grown at the same rate as the wages for the top 1%, it would be $28.34
Keep on voting against your own agenda, idiots.
Yes it would. And your Big-Mac combo would be $13.95--not $5.95. Your car wash would be $15.00 and not $8.00. Your T-bone steak at the store would be $23.00 and not $11.00. Your $8.00 screwdriver at the hardware store would be $20.00.

Wait a minute! How did China get all our jobs again? Oh yeah, that's right, they make things cheaper thanks to our unions here.

Keep voting against your countries agenda, idiot. When will you libs learn that money doesn't appear out of thin air because you want it to?
Just Sayin

Chillicothe, OH

#20166 Aug 29, 2013
xxxrayted wrote:
Wait a minute! How did China get all our jobs again? Oh yeah, that's right, they make things cheaper thanks to our unions here.
You don't really believe that do you? You had better look a little more closely at the way your elected officials have set up the trade agreements.

Since: Aug 12

Atlanta, GA

#20167 Aug 29, 2013
YourPappyBuiltThat wrote:
<quoted text>
You should stop on by the steel foundry where I worked and share your opinions with them. Be sure to bring about a 100 people because your little momma's boy @ss wouldn't make it out the door.
Your steel foundry is most likely closed down and looks like some apocolyptic hellhole they shoot movies scenes at now.

Since: Aug 12

Atlanta, GA

#20168 Aug 29, 2013
Just Sayin wrote:
<quoted text>
You don't really believe that do you? You had better look a little more closely at the way your elected officials have set up the trade agreements.
You should look at the structure of your dear democrats taxes. The Tax laws for US companies are such that any income they make selling their products overseas have to be taxed not only in that country on those products sold but again in the US just for being headquartered in the US.

That's as much of a good reason to move jobs overseas as dumbass unions. That's the exact reason Daimler Chrysler headquartered in Stuttgart Germany and not Detroit. Loffredo testified before congress, "Headquartering in the US they would face a 67.5% tax rate while the actual Daimler Chrysler in Germany only pays 44%."

See ya jobs.....
Just Sayin

Chillicothe, OH

#20169 Aug 29, 2013
UdintBuildThat wrote:
<quoted text>
You should look at the structure of your dear democrats taxes.
You have me confused with a liberal.
Pops

Fort Thomas, KY

#20170 Aug 29, 2013
YourPappyBuiltThat wrote:
Neat little fact about the agenda you guys suck off every time you vote...
If the minimum wage had grown at the same rate as the wages for the top 1%, it would be $28.34
Keep on voting against your own agenda, idiots.
And a McBurger with fries would cost $10 in 'normal' parts of the country. NY, LA, etc could be $15!

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