New Rules For Taxing Pass-Through Income
March 2018 by Mark E. Battersby
...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.
Well, we are now almost two months into the new Biden Administration (as of our mid-March press deadline) and there most certainly have been some changes in direction from the preceding Trump years.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
Talk about “déjà vu!” Americans woke up early morning Tuesday, November 6 with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority. They went to bed late Tuesday night with a Democratic President; a Senate with a narrow Democratic lead and a House with a strong Republican majority.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
If precious metals miners and prospectors were looking for a series of dramatic events to usher in the first two weeks of 2016, they have not been disappointed.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
The Bawl Mill • The Wild Rush To Find More Cobalt—Part II • Trash! A Hindrance Or Hot Spot For Hidden Gold? • Rare Silver Nuggets And Their Origins • Legislative and Regulatory Update • Re-Opening Nevada’s Relief Canyon Mine • PLP and MMAC Update • Sulfides and Intergrain Gold Wire Nuggets • Man Who Died In Yellowstone In 2017 Was Looking For Hidden Treasure • $50 Million in Gold From 1857 Shipwreck Approved for Sale • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices