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Community: Investing Wiki

Term Of The Hour

oil severance tax: Original post by Lexa W. Lee of Demand Media Oil and natural-gas severance taxes are typically paid to state governments by parties involved in producing or "severing" the resource from the Earth. The taxes are based on the quantity or value of the oil and natural gas produced or removed, according to the National Conference of State Legislatures. Where the revenues go is determined by…

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