BLM Reports That 'Mining' Brings Most Public Reward
August 1999 by Associated PressA report from the Bureau of Land Management (BLM) titled "Public Rewards from Public Lands—Fiscal 1998", shows that minerals production is the largest income producer for the federal government on BLM-managed lands.
The gold from 80 years ago still holds all of its value—it’s the Dollar that has been damaged.
The question of relentless government payouts continues to haunt the political system.
Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
...the tax rate for an incorporated, small-scale mine or mining-related business will be reduced from the former 35 percent rate to 21 percent for the 2018 tax year and thereafter.
I must admit to taking some degree of pleasure in anticipating the excuse-making which will probably come out of the "Global Warming" camp to explain away a truly startling announcement.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
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