The Business of Mining: Cars, Trucks and Tax Deductions
December 2006 by Mark E. BattersbyMost importantly, self-employed miners, prospectors or employees (even of their own mining-related business) who own or lease an automobile, can utilize the standard rate so long as they operate only one car at a time for business purposes.
Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.
In all the years I have been writing this column (approaching 35) and in my writings elsewhere, I have to admit that I never foresaw the kind of immense changes that have been wrought during the past two months…
Legislation designed to provide full permit refunds to all suction dredge miners in California has been hijacked in an Assembly policy committee.
A state House committee supported legislation sponsored by Rep. Dick Harwood that would allow state mining leases for tailings and dumps, which Idaho law currently prohibits.
We can either surrender or draw a line in the sand and fight to hold the remaining mining rights we still have.
Once again, economic trauma was the dominant theme of most news releases last month. It seemed we were learning about an endless array of companies in dire trouble, including many who had either filed or were on the verge of bankruptcy...
I have been finding nuggets all my life, beginning in Sierra County 50 years ago, and believe me they don’t pop up out of the ground like mushrooms when they see me coming and say, “Here I am and take me home.”
The Bawl Mill • Legislative and Regulatory Update • Researching and Staking Mining Claims • The Goodnews Bay Platinum Fields • Special Rock • The Kern River Gold Rush • Finding Gold in Mokelumne River Canyon • Important Court Cases • Smugglers Causing Problems in South Africa • Market Spotlight: Platinum in Demand • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices • Looking Back