I understand that income taxes assessed on oil companies are not directly assessed on American consumers. However, it seems like a relatively simple conclusion that gas prices will likely increase if oil and gas producers are forced pay additional income taxes to the federal and state governments. They are corporations that are working hard to produce earnings for their shareholders. Additional income taxes would seem like a reason for oil and gas producers to further raise prices to support their earnings and stock valuation. Am I missing something here?
Gas prices: Obama urges repeal of oil company subsidies - latimes.com
Wednesday, April 27, 2011
Tuesday, April 05, 2011
CCH, a Wolters Kluwer business | Congress Repeals Expanded 1099 Reporting Requirements
It took a while to repeal the 1099 reporting requirements that accompanied the health care legislation. Looks like it has been repealed for now...until the politicians think it is a good idea a few years from now. CCH, a Wolters Kluwer business Congress Repeals Expanded 1099 Reporting Requirements
IRS Targets Wealthy With More Audits - FoxNews.com
More news on IRS enforcement actions. IRS Targets Wealthy With More Audits - FoxNews.com
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