i always have this in mind, if and when one day we can sell our pennies and/or nickels 4 or 5 times above face value, that, for whatever "profits" we can make, the issues associating with taxation must be addressed,
there's some random pieces of factors we may include for considerations:
1) time spent in acquiring rolls from banks, sorting, storaging, re-rolling, and returning
2) space needed(significant if quantities accomeulated in the long run) , rent?
3) labour, do we charge minimum wage?
4) transportation: do you use your car, or do you use transit; if you use your car, in addition to gas, you may also want to include vehicle insurance, etc;
5) real costs versus nominal costs: how do we adjust to values that may stretch for many years before a potential metal market of this sort is developed
6) supplies for sorting: costs of soap required to wash dirty hands? 
anything else we can include into cost considerations?
by the time we take all these into considerations, we may have a value of zero or negative value for taxation income; if it's negative, can we carry over to the calculation of our income tax for the day job that we are doing?
|
THE COSTS OF HOARDING, FOR TAX PURPOSES
Forum Locked
Posted - 09/25/2006 : 04:39:03
