How many tractors can u buy for $10 mil ?

gwece · Feb 26, 2014

How many tractors can u buy for $10 mil ?
Article

BillOHIO · Feb 26, 2014

I could buy all I would want and still have plenty of money left over.

I would guess a big portion would go to the IRS ?

jennifer408 · Feb 26, 2014

well lets see. last week i got this ford 340b for $1500.

so 10,000,000. divided by 1500. yup, i would be able to join the tractor of the week club

Eldon (WA) · Feb 26, 2014

(quoted from post at 16:14:59 02/26/14) well lets see. last week i got this ford 340b for $1500.

so 10,000,000. divided by 1500. yup, i would be able to join the tractor of the week club

So.....which dog found the money???

Dr. Walt · Feb 27, 2014

Really BIG question is: Do you pay the Income Tax on the FACE VALUE or on the COLLECTORS VALUE - BIG difference? LOL !

jennifer408 · Feb 27, 2014

(quoted from post at 01:45:08 02/27/14) Really BIG question is: Do you pay the Income Tax on the FACE VALUE or on the COLLECTORS VALUE - BIG difference? LOL !

you probably pay the estimated value and then the capital gains when you sell it off. after all, they have to get you coming and going.

How many tractors can u buy for $10 mil ?

gwece

Member

BillOHIO

Member

jennifer408

Well-known Member

Eldon (WA)

Well-known Member

Dr. Walt

Well-known Member

jennifer408

Well-known Member

Similar threads