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<blockquote data-quote="Allen" data-source="post: 198012" data-attributes="member: 389"><p>You are wrong, period. The production and extraction taxes are paid by royalty owners as well, it just comes out ahead of their seeing the check. Much like payroll taxes do on a 9-5 job.</p><p></p><p>One could argue that the state was just giving away its share of royalties and not the P&E taxes. But that's kind of like me giving you a couple hundred bucks to pay your light bill this month and me saying "now make sure you don't spend any of this on whiskey or women". You spend my money on your light bill and then use the money you WERE going to spend on lights on your booze and broads.</p></blockquote><p></p>
[QUOTE="Allen, post: 198012, member: 389"] You are wrong, period. The production and extraction taxes are paid by royalty owners as well, it just comes out ahead of their seeing the check. Much like payroll taxes do on a 9-5 job. One could argue that the state was just giving away its share of royalties and not the P&E taxes. But that's kind of like me giving you a couple hundred bucks to pay your light bill this month and me saying "now make sure you don't spend any of this on whiskey or women". You spend my money on your light bill and then use the money you WERE going to spend on lights on your booze and broads. [/QUOTE]
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