[quote]Bill Roberts wrote:
[quote]pushharder wrote:
[quote]Bill Roberts wrote:
The investments were purchased from oil lease (and related) income.
I didn’t want to write several paragraphs on it and distilled it down to the ultimate primary source.[/quote]
True but it’s going to be a stretch that Pitt will never pull off to suggest that taxes and the interest that they earn from oil pumped from Alaska soil legitimately belongs in the pocket of a resident of Arizona.[/quote]
Why on Earth would that be a stretch?
Pitt, do you have a problem with, for example, the idea that residents of other states, if less “fortunate” than I, have a legitimate demand on the money I earned here in Florida? That my tax money should be used to help them?
As I see it, the Alaska thing is just the usual liberal accounting method. Monies earned by an entity, or at least the lion’s share of them, are really the property of the government or “the people.” Taking less of this money constitutes GIVING tax money to them.
The State of Alaska pays no Federal income tax.
Therefore, this is a huge amount of tax money being “given” to the State of Alaska.
Same as how Reagan and Bush gave tax money to the rich.
You or I would say the rich were still taxed – in fact paid a great deal of taxes – but not so under liberal accounting. Rather, some other figure is in mind – whether Clinton’s 39% or some other value – and if less is paid then this, then the difference counts as money “given” to those who paid less than that.[/quote]
I am not quite sure I understand your point, but letâ??s get back to Colorado River Water, letâ??s say Colorado says that water originated in Colorado, so it is ours and we are going to tax you. That is the situation in Alaska, nothing fuzzy about it.