Scrap made a big jump up about the time the U.S invaded Afghanistan,and then Iraq. Since things have tapered off over there the scrap price has started to fall. I wonder what precious metals are bringing right now. They are due for a slide down too.
Young men who turn scrappers can make pretty good money. And it's not tax free either. When the yard buys from someone they keep records on who they paid their money out to. That in turn is deducted as a business expense. The scrapers who make a living out of it have to turn their income in at tax time. Oh sure, there are a few cash deals done here and there, but the majority of it gets taxed.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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