Do you have any idea how many variables are involved in those questions? In SE Michigan a fairly average stick built house is about 1500-2500 square ft and most have basements. There are a LOT of McMansions in the subdivisions that are more by far but 2000 sf is a fairly good average. Head out to the countryside and you will see a lot more double wide trailers, some made into fairly nice little homes, sitting on basement foundations, etc, but realize that a double 14x70 is still almost 2K sf.
On the tax side you have numerous filing status options and other variables. Assuming a married filing joint status and no deductions, you would be looking at a 15% bracket (which actually can work out to less than 15% federal tax) BUT keep in mind most taxpayers, but not all, pay FICA taxes so, assuming gross of %40K you would have about $2111 federal, $1364 Michigan, and $3060 FICA for a net of about $33,465. All approximates based on assumptions I made up. You can live on that. I see it every day. BUT, you will eat cheap, there will be no luxuries, and you better hope your employer covers the benefits. IMHO, Dave H, CPA
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - More Memories of a Field Service Engineer - by Brian Dye. Introduction: The author worked for one of the largest Ford tractor dealerships in England as a trouble-shooter on tractor engines, hydraulics and combine harvesters from 1963 to 1972. In 1972 he became a dealer manager and finally left the dealer net in 1975 to run his own electronic design and manufacturing company. [Editor] We live right in the middle of Norfolk. The dealership that I worked for sold Fordson Tractors from the 1920's and some of t
... [Read Article]
Latest Ad:
Late 50s early 60s international harvester 560 with cultivator
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
