Thread: Can someone explain why this is called a "stimulus"
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Old 02-02-2009, 09:59 PM   #60
wmbwinn
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Originally Posted by dalmations202 View Post
I guess, except that we haven't had production in about 15 years on the place, and in the last 5 it has scored about 240K in lease rights. (Should have been more.) Yes, we pay taxes on the 240K. We won't pay more until we lease the rights out again.

I'd like to get the rest of them, but why would they sell when it costs them nothing to keep them?
I have never been anywhere near a situation where I was involved with a lease. I know that in the early 1940's, my great grandparents received 346 million dollars in the initial lease agreement...

But, divided out over time (the first generation lottery winner had 9 children) and with declining output, it isn't worth much now.

The lease issue is a big deal. Sorry you got screwed on that deal.
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