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Message: <blockquote data-quote="poopgiggle" data-source="post: 2008506" data-attributes="member: 6406">I'm glad you asked! From <a href="http://www.bloomberg.com/news/2012-07-02/cheaspeake-s-1-tax-rate-shows-cost-of-drilling-subsidy.html" target="_blank">this article by Bloomberg</a>:This particular rule no longer serves a useful purpose and is still on the books because the people who benefit from it can afford to hire lobbyists and donate to campaigns.That's a Federal tax rule, and it's just off the top of my head. There are similar state-level tax gifts in Oklahoma but I can't rattle them off without digging into it.</blockquote>