Plus, receive recommendations and exclusive offers on all of your favorite books and authors from Simon & Schuster.
Taxing Energy
Oil Severance Taxation and the Economy
Published by Independent Institute
Distributed by Simon & Schuster
Table of Contents
About The Book
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.
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.
Product Details
- Publisher: Independent Institute (January 1, 1990)
- Length: 161 pages
- ISBN13: 9780945999690
Browse Related Books
Raves and Reviews
"Taxing Energy is important for its illustrations of how to get from the blackboard of economic theory to the hard quantitative information that sound policy design requires."
– JOSEPH P. KALT, Professor of Economics, John F. Kennedy School of Government, Harvard University
Resources and Downloads
High Resolution Images
-
Book Cover Image (jpg): Taxing Energy
Hardcover 9780945999690
