yes it does
Foreign Oil: Dependance or Laziness?
FoREIGN oIL IS OIL THAT IS FROM ATHORE COUNTRIES OTHER THAT YOUR OWN
Payment received for signing an Oil and Gas Mineral lease should be reported as "Ordinary Rental Income" on Schedule E. This is ordinary income that flows from Schedule E to Form 1040, line 17. this is important because it prevents the need to also pay "Self Employment" taxes on the bonus income received.
$0 The Permanent Fund Dividend comes from investments, which in turn are funded by taxes on the oil, and not the oil companies.
OIL
The main source of income is oil.
cenex
Standard Oil Company
The Trans-Alaska Pipeline helped to decrease America's dependence on foreign oil.
oil
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oil