franklin
Active member
- Joined
- Feb 10, 2009
- Messages
- 4,660
Gone4Day wrote:
With a severance tax rather then an an extraction tax. In a severance tax, only the O&G that leaves the state is taxed. Thus the residents, and voters, are not taxed.Biggie wrote:
Can someone explain to me why, if we are the only state that doesn't tax the gas from fracking, and we start to tax it, why won't my natural gas bill go up. The gas company is not going to take the hit, it will be everyone who uses it.........
Ultimately consumers pay the tax. It impacts electric bills, costs of goods manufactured in the area, and eventually increases the cost of heating with gas as the market prices end up reflecting the overall costs.