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Looking For Advice on a Farm
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D6Joe
Posted 10/2/2023 08:10 (#10424492 - in reply to #10424037)
Subject: After income tax


east central ND
Remember land payments are made with after tax income, so keep that in mind when your do your figures. Very rough figuring, To get 50,000 available for a land payment, you’ll have to gross 75,000 profit or wages, and send the government $25,000. Might get by for some less, but…….

If there is a way around this, let me know………

Edited by D6Joe 10/2/2023 08:15
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