GREY:BURNF - Post by User
Post by
nofluffon Mar 25, 2013 3:43pm
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Post# 21164939
US taxes
US taxes I just spent an hr studying the US tax structure especially as it pertains to exploration and mining. It appears middle class taxes are about the same as canada. About 30%. The exploration deductions are much like our flow through, in that they can deduct those expenses from there taxable income. We often get tax credits on top of that. So it would appear that to benefit fully from investment in US exploration, you would need US income.
The other thing I think I learned is that there is no point in going to big on the indicated resource, as you can use mine depletion against taxable income. So it would seam to me to be wise to drill the deep hole and maybe a couple more in the hi-grade. If we could hit 300 million tonnes of 30.00 plus rock indicated, it would easily justify a 100 thousand tonne per day mill. Then we could prove the rest of the infered years down the line.
nf