What President Trump's tax reform might mean to royalty owners - GoMarcellusShale.com2024-03-29T14:26:49Zhttps://gomarcellusshale.com/forum/topics/what-president-trump-s-tax-reform-might-mean-to-royalty-owners?commentId=2274639%3AComment%3A770040&feed=yes&xn_auth=noIt's sad that political and i…tag:gomarcellusshale.com,2017-12-27:2274639:Comment:7704222017-12-27T22:59:22.710ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>It's sad that political and ideological loyalty trump reality for so many. I have been extremely critical of boosh and obama, I still have republican friends stick up for boosh, even though he was terrible and his failures brought obama to the fore of our government.</p>
<p>Many hate President Trump, I have no personal love for the man but I love how he has disrupted the rampant and endemic corruption that is our federal government. I also love the reductions in regulations and taxes and a…</p>
<p>It's sad that political and ideological loyalty trump reality for so many. I have been extremely critical of boosh and obama, I still have republican friends stick up for boosh, even though he was terrible and his failures brought obama to the fore of our government.</p>
<p>Many hate President Trump, I have no personal love for the man but I love how he has disrupted the rampant and endemic corruption that is our federal government. I also love the reductions in regulations and taxes and a more America-first governing style.</p>
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<p>Obama was bad, as bad or worse than boosh. Argue it all you want but obama gutted the democrat party during his two terms and lured the country to a man like Trump, that is the reality of the total obama effect. Without the pitiful obama presidency there would have been no President Trump, without the pitiful boosh presidency there would have been no obama.</p>
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<p>Some don't like the political theme of my post, but you cannot separate politics from economics and you cannot separate either from the oil and gas market, it is all quite relative, as is being obviously shown to you.</p>
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<p>I will continue to support this President as long as he is good for the country, our economy especially. The book of boosh and obama is written and I will thrown mud on them as long as there is lead in my pencil.</p>
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<p>WTI hit $60 a barrel last night.</p> There is some real news out t…tag:gomarcellusshale.com,2017-12-27:2274639:Comment:7705252017-12-27T06:19:01.705ZG.H.https://gomarcellusshale.com/profile/GH930
<p>There is some real news out there, I think. You just have to READ it, not watch it. Pretty much all TV/cable news is garbage. And if you are reading it on a TV/cable news channel's website, then it is just a waste of time because it's the same thing as what's on TV.</p>
<p>There is some real news out there, I think. You just have to READ it, not watch it. Pretty much all TV/cable news is garbage. And if you are reading it on a TV/cable news channel's website, then it is just a waste of time because it's the same thing as what's on TV.</p> Yeah, pretty sure Obama was n…tag:gomarcellusshale.com,2017-12-27:2274639:Comment:7704172017-12-27T06:16:09.529ZG.H.https://gomarcellusshale.com/profile/GH930
<p>Yeah, pretty sure Obama was not a socialist. Name calling doesn't really add anything to an intelligent conversation. If you really get to keep "a lot" more of your royalties then you must be making a ton of money, good for you! The tax reform might put an extra $1000 or so a year in my pocket until 2027, but I'll take it.</p>
<p>Yeah, pretty sure Obama was not a socialist. Name calling doesn't really add anything to an intelligent conversation. If you really get to keep "a lot" more of your royalties then you must be making a ton of money, good for you! The tax reform might put an extra $1000 or so a year in my pocket until 2027, but I'll take it.</p> Hmm, fake news? I wish we co…tag:gomarcellusshale.com,2017-12-27:2274639:Comment:7706272017-12-27T06:07:10.800ZG.H.https://gomarcellusshale.com/profile/GH930
<p>Hmm, fake news? I wish we could all stop regurgitating the president's "fake news" line and look at things objectively. I looked at Wikipedia real quick (I know, anyone can edit it, burn me at the stake now), it states that the recession from the housing crisis lasted 2007-2009 and refers to it as "severe" and "deep," two words that certainly don't mean the same thing as minor. If you don't give Obama any credit for pulling the country out of that situation, which he inherited, then I'd…</p>
<p>Hmm, fake news? I wish we could all stop regurgitating the president's "fake news" line and look at things objectively. I looked at Wikipedia real quick (I know, anyone can edit it, burn me at the stake now), it states that the recession from the housing crisis lasted 2007-2009 and refers to it as "severe" and "deep," two words that certainly don't mean the same thing as minor. If you don't give Obama any credit for pulling the country out of that situation, which he inherited, then I'd say you might have some blinders on yourself. I have no complaints so far about the economy under Trump, despite my general dislike of him. I would agree that there is a more positive and hopeful tone in oil and gas and the corporate world under Donald Trump. I was not fond of the Obama administration's attitude towards fossil fuels, though I do think we should try to strike a balance between fossil fuels and renewables. I do not think renewables should be pursued just for the sake of using renewable, that is a waste of money. It should be economic and competitive with fossil fuels if we are going to spend money on it.</p> Jim White,
I am curious, how…tag:gomarcellusshale.com,2017-12-26:2274639:Comment:7707172017-12-26T18:02:29.238ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>Jim White,</p>
<p>I am curious, how are you familiar with this site when you love in New York City ? And why would I subsidize the insanely high taxes in your state by allowing you to deduct them from your federal tax bill ?</p>
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<p>My thread concerns a change in political leadership causing a change in the direction of the economy and how it will benefit royalty owners. I am curious where you fit into this discussion.</p>
<p>Thank you,</p>
<p>David</p>
<p>Jim White,</p>
<p>I am curious, how are you familiar with this site when you love in New York City ? And why would I subsidize the insanely high taxes in your state by allowing you to deduct them from your federal tax bill ?</p>
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<p>My thread concerns a change in political leadership causing a change in the direction of the economy and how it will benefit royalty owners. I am curious where you fit into this discussion.</p>
<p>Thank you,</p>
<p>David</p> Did I really spell it Noble?…tag:gomarcellusshale.com,2017-12-26:2274639:Comment:7706162017-12-26T08:39:24.479ZJim Whitehttps://gomarcellusshale.com/profile/JimWhite
<p>Did I really spell it Noble? Sorry....:) I think the Rose show might have been the most important "news" show that has ever been on TV. A hundred years from now when people want to find out what was happening during this era, that will be where they look. Too bad he got caught up in his own scandal and is no longer on.</p>
<p>Did I really spell it Noble? Sorry....:) I think the Rose show might have been the most important "news" show that has ever been on TV. A hundred years from now when people want to find out what was happening during this era, that will be where they look. Too bad he got caught up in his own scandal and is no longer on.</p> The TRUMP tax reform bill mea…tag:gomarcellusshale.com,2017-12-24:2274639:Comment:7702342017-12-24T02:06:13.643ZEdhttps://gomarcellusshale.com/profile/Ed270
<p>The TRUMP tax reform bill means we get to keep a lot more of our rolayties instead of having that socialist douchebag Obama confiscating it to hand out Obama phones, ObamaCare subsidies, food stamps, unemployment checks and loans to bankrupt solar energy companies!</p>
<p>The TRUMP tax reform bill means we get to keep a lot more of our rolayties instead of having that socialist douchebag Obama confiscating it to hand out Obama phones, ObamaCare subsidies, food stamps, unemployment checks and loans to bankrupt solar energy companies!</p> The new tax law is not what i…tag:gomarcellusshale.com,2017-12-22:2274639:Comment:7699942017-12-22T15:18:44.183ZBill Bergseidhttps://gomarcellusshale.com/profile/BillBergseid692
<p>The new tax law is not what is going to kill you. It is the 12.7% income tax (plus high sales, property and every other kind of tax) paid by NYC residents that is killing you. Take a look at the Tax Foundation data: <a href="https://taxfoundation.org/publications/state-local-tax-burden-rankings/" target="_blank">https://taxfoundation.org/publications/state-local-tax-burden-rankings/</a>.</p>
<p>Hopefully the federal law will give the high tax states some incentive to reduce the burdens…</p>
<p>The new tax law is not what is going to kill you. It is the 12.7% income tax (plus high sales, property and every other kind of tax) paid by NYC residents that is killing you. Take a look at the Tax Foundation data: <a href="https://taxfoundation.org/publications/state-local-tax-burden-rankings/" target="_blank">https://taxfoundation.org/publications/state-local-tax-burden-rankings/</a>.</p>
<p>Hopefully the federal law will give the high tax states some incentive to reduce the burdens they place on residents. Taxpayers have been fleeing these high tax states and I, for one, think the competition is good.</p>
<p></p> There are no real news channe…tag:gomarcellusshale.com,2017-12-22:2274639:Comment:7699932017-12-22T14:56:34.227ZBill Bergseidhttps://gomarcellusshale.com/profile/BillBergseid692
<p>There are no real news channels. The Wall Street Journal has a weekly news program that is about as good as you can do.</p>
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<p>There are no real news channels. The Wall Street Journal has a weekly news program that is about as good as you can do.</p>
<p></p> Ed--Your statement is not qui…tag:gomarcellusshale.com,2017-12-22:2274639:Comment:7699852017-12-22T05:59:16.639ZBill Bergseidhttps://gomarcellusshale.com/profile/BillBergseid692
<p>Ed--Your statement is not quite right. The entire ANWR is almost 20 million acres. But when it was established in 1980, area 1002 (under ANILCA) was set aside for possible future oil development. The new tax bill will allow oil and gas development within area 1002, BUT SURFACE DISTURBANCE IS LIMITED TO 2,000 ACRES! So of the almost 20 million acres in ANWR, 500,000 acres were set aside for possible future development (only after certain conditions are met) and the new tax bill allows…</p>
<p>Ed--Your statement is not quite right. The entire ANWR is almost 20 million acres. But when it was established in 1980, area 1002 (under ANILCA) was set aside for possible future oil development. The new tax bill will allow oil and gas development within area 1002, BUT SURFACE DISTURBANCE IS LIMITED TO 2,000 ACRES! So of the almost 20 million acres in ANWR, 500,000 acres were set aside for possible future development (only after certain conditions are met) and the new tax bill allows surface use of 2000 acres. No oil development is allowed on any of the remaining19+ million ares, 9 million of which are wilderness area.</p>