« Previous · Tax Update Blog Home · Next »
This lead to a Tax Analysts article ($link) promises to solve all of the world's problems instantly:
Senate Democrats introduced energy legislation May 7 seeking to lower oil and gas prices and impose a 25 percent tax on oil company windfall profits, while House Democrats announced they will soon take up a bill that would include similar measures in addition to extending renewable energy tax incentives and expired business tax breaks.
So we lower prices by increasing the producer's costs? The more we tax producers, the lower the cost of what they produce? Why didn't we try that before? If we just impose enough tax, everything will be free!
Bookmark: del.icio.us • Digg • reddit
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to