(04-27-2021, 10:17 AM)HURRICANE!!! Wrote:

(04-26-2021, 06:53 PM)jagibelieve Wrote: Exactly.  I suspect that you probably "earn" +$400,000.00 per year with your operation.  Nobody is looking at the cost to run the operation.  I know farmers that "earn" a lot of money but when it comes down to the cost of operating they actually have a very modest income when all is said and done.  I also know people that own small businesses that are in the same situation.

Some people equate income to equal "wealth".

Newsflash --- Earnings is Sales minus Expense minus Tax.

Newsflash --- Earnings can be expressed by gross.  Many farmers (and other industries) have a gross "income" (earnings) well above the $400,000.00 limit.  Their gross "earnings" - expenses - taxes often equals less than $400,000.00.  I have a son-in-law that owns a few trucks (over the road semis).  He grosses quite a bit above the limit every year, yet makes a pretty modest living after his expenses and the confiscation from the government (taxes).

Taxes are based on "earnings" (gross).

I'm sure that an "investor" such as you understands that.

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