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overtheedge
Member since May 2012
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Tax on U.S. gold mining could be budget windfall, congressmen say - Chris Powell -

If the ROI on mining is currently 7% and Congress imposes a metal's levy of 12.5%, mining goes away. Based upon the "1.1 million ozt sales returns $150 million" in the article.

On Alaska state land, the royalty is 3% of net. There is also a mining tax that runs 3%-7% of net exceeding $40K with 7% once you exceed $100K. No state income tax. Still pay federal income tax on top of the royalty.

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