Tax and Gas Lease Payments? - The HuntingPA.com Outdoor Community
 
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post #1 of 3 (permalink) Old 01-10-2010, 10:46 PM Thread Starter
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Tax and Gas Lease Payments?

What type of tax can you expect to pay on the gas lease payment?Capital gains at 15%??What about the royalty?Thank You!
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post #2 of 3 (permalink) Old 01-10-2010, 11:04 PM
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Re: Tax and Gas Lease Payments?

income tax. Whatever your tax rate. Start around 30%

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post #3 of 3 (permalink) Old 01-10-2010, 11:27 PM
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Re: Tax and Gas Lease Payments?

It's short term investment income, whatever tax bracket that puts you into.

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