Saudi Aramco Is World’s Most Profitable Company, Far Exceeding Apple

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by planteen on Monday April 01, 2019 @02:38PM (#19546595)

Wyoming has mineral severance taxes to the point that there is no income tax in the state. Over 50% of the state's revenue comes from mineral severance. There is also a permanent trust there.

Colorado gets something like $100 million per year from mineral severance.

I'd be shocked if other oil producing states didn't collect severance taxes. What state are you referring to that doesn't collect anything?

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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by selectodude on Monday April 01, 2019 @03:26PM (#19547161)

Ironically, there's only one state without a mineral severance tax, and it's California.

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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by planteen on Monday April 01, 2019 @04:58PM (#19548150)

Wow, today I learned something. I am shocked that deep red states (Alaska, Wyoming, Texas) tax something that a deep blue state (California) does not.

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