Colorado another Tax
Colorado voters need to wake up and beware of a new tax that they will be paying for. This tax is being disguised as a tax on Oil and Gas companies profiet revenues. A claim of raiseing $140 million in the first year it is in place is nice in theory but whos pocket will it really come from.
The tax is being described as additional funds for Colorados two major schools, the University of Colorado and Colorado State University. The measure, which would increase the severance tax on the industry from 5 percent to 6 percent. A small upgrade in theory, but an increase never the less.
It also would eliminate a property tax credit, further increasing the tax burden on oil and gas producers. However those tax increases would take effect only if the industry keeps operating at a healthy pace. This is the key phrase, health pace. A liberal term for making profiets. A way of punishing those who achieve while redistributing wealth.
Now who is to say that the companies are doing well or not doing well. What standard are they going to use to determine this. If the companies make only one dollar in profiet it is still a profiet. So does this mean that the comapnies need to pay higher taxes?
To break it down even more . Who is really going to be paying this new tax. It is the Colorado citizens who will pay this tax and not the companies. Buisness 101 teaches that companies and buisness , small and large pass on to the consumer the cost of taxes and overhead. For anyone to believe this does not happen means that they live in Boulder and lala land.
Colorado voters need to see through this reach into our pockets by government. Once again they are trying to take more money from us to pay for things we have already said no to. If the state wants more money for higher education then maybe they need to look at the rolls of welfare and eliminate many who have been recieving handouts.
Another proposal in the wings comes from enviormentalists. Environmental groups are proposeing in November another severance tax hike that would raise $200 million to $300 million in additional funds per year to preserve open space and fund clean-energy initiatives.
Should there pass by the voter the question is this. Will the money go to where the voters are told it will go, or will it be misspent and redistributed to yet more social programs that are not needed.
The tax is being described as additional funds for Colorados two major schools, the University of Colorado and Colorado State University. The measure, which would increase the severance tax on the industry from 5 percent to 6 percent. A small upgrade in theory, but an increase never the less.
It also would eliminate a property tax credit, further increasing the tax burden on oil and gas producers. However those tax increases would take effect only if the industry keeps operating at a healthy pace. This is the key phrase, health pace. A liberal term for making profiets. A way of punishing those who achieve while redistributing wealth.
Now who is to say that the companies are doing well or not doing well. What standard are they going to use to determine this. If the companies make only one dollar in profiet it is still a profiet. So does this mean that the comapnies need to pay higher taxes?
To break it down even more . Who is really going to be paying this new tax. It is the Colorado citizens who will pay this tax and not the companies. Buisness 101 teaches that companies and buisness , small and large pass on to the consumer the cost of taxes and overhead. For anyone to believe this does not happen means that they live in Boulder and lala land.
Colorado voters need to see through this reach into our pockets by government. Once again they are trying to take more money from us to pay for things we have already said no to. If the state wants more money for higher education then maybe they need to look at the rolls of welfare and eliminate many who have been recieving handouts.
Another proposal in the wings comes from enviormentalists. Environmental groups are proposeing in November another severance tax hike that would raise $200 million to $300 million in additional funds per year to preserve open space and fund clean-energy initiatives.
Should there pass by the voter the question is this. Will the money go to where the voters are told it will go, or will it be misspent and redistributed to yet more social programs that are not needed.
