Oil and gas investing under the Administration's tax proposals

Journal Article · Sun Dec 01 04:00:00 EST 1985 · Oil Gas Tax Q.; (United States)

OSTI ID:6268175

Nessen, R L

The author shows the effects on individuals of investment in oil and gas ventures if the recommendations put forward by the Treasury Department were to be adopted. The discussion focuses on the percentage depletion deduction, intangible drilling costs, windfall profit tax, alternative minimum tax, and depreciation. The author concludes that the proposals would not likely affect oil and gas investment decisions by an individual. The proposals seek to simplify the system of tax rates by reducing the number of income brackets from 15 to 3, with a maximum rate of 35%. The lowering of the highest marginal bracket should more than compensate for any loss resulting from the other changes. 4 tables.

• Research Organization: Fine and Ambrogne, Boston, MA
• OSTI ID: 6268175
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 34:2; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
DEPLETION ALLOWANCES
DEPRECIATION
DOCUMENT TYPES
FINANCIAL INCENTIVES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INVESTMENT
LAWS
LEGAL ASPECTS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
REGULATORY GUIDES
RESOURCES
TAX LAWS
TAXES
WINDFALL PROFITS TAX