High School and a long time ago.I understand about taxes,believe me.I paid plenty when I ran my trucks.I got sick and thats why Im on here.Otherwise I wouldnt have time for this stuff.Say you make $150,000 dollars in gross pay.20% was fuel,then so much per mile was paid directly to the company,usually 25%,then there are taxes,tires,oil,repairs,upgrades,lots of things.I actually made less money than when I drove for the company and usually wrote the government a check for $11,000 the State $3000 sometimes more.Sometimes I took home $32,000 to about $38,000.When I drove I made lots more,like about $45,000,and that was in 1998.The only thing better than driving for a company was I had a truck and trailer,and more say over the loads I took.I still worked 6 days a week most of the time,and lots of hours.The only way to survive at all is to pay an accountant to find ways to save you money in that business and trade trucks every 3 years.That way you are always depreciating equipment.I can tell you this,$150,000 is not rich in todays world,and even worse than working for somebody.You have to save the taxes up.People that sell Hospital Insurance charge about 600 dollars a month for hospital insurance that was 4 or 5 years ago and thats probably higher now.If you work for somebody at least part of the taxes are paid by an employer.Most places have insurance of some kind that they can get cheaper as a group.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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