Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Taxing Energy: Oil Severance Taxation and the Economy

Taxing Energy: Oil Severance Taxation and the Economy

Deacon, Robert
Decanio, Stephen
Frech, H. E., III

Hardcover

Business GeneralTechnology & EngineeringGeneral Political Science

Currently unavailable to order

ISBN10: 0945999690
ISBN13: 9780945999690
Publisher: Independent Institute
Published: Jan 1 1990
Pages: 161
Weight: 1.01
Height: 0.69 Width: 6.36 Depth: 9.24
Language: English
Severance taxes--taxes levied upon the production of oil and natural gas--have long been popular with state governments. Such taxes are thought to have minimal impact upon the areas where petroleum wells are located, the costs of such taxes can be exported to a large and dispersed consumer base in other states, and an oil or gas well can not be moved to another state where taxes are lower. Because of these factors, severance taxes seem like ideal taxes for legislators to impose. But how do severance taxes work in the real world? Are they as really painless as they sound? Because of the immobility of the resource being taxed, do states tend to overtax? In this provocative study, the authors survey state severance taxes and find they tend to lower petroleum production, reduce jobs in the states imposing such taxes, and have negative effects that can ripple throughout a state's economy. Severance taxes look like easy targets for state governments. But as this book demonstrates--using thorough analysis--such taxes are often downright counterproductive and can actually reduce total state tax revenues.

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