Paying income tax on the gas companies deductions

Why do we have to pay income taxes on the deductions the gas companies are taking out of our royalty checks. I noticed on our yearly statements for income tax they include their deductions for the year in our income. Is this right for us to have to pay the money they are keeping?

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What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ]

Paying income tax on the gas companies deductions

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