Agreed. His "material" costs could easily be double what he's charging for labor. The plans for a $20 million water treatment plant have the labor estimated at $6 million and material north of $14 million. The guy might get $100-$120 for installing a $500 front door, his material and supply costs could easily be double his labor.
Even if he was twice as high on his costs as he should be how much do think he's got left with only $33k in gross revenue and paying 15% of the net in taxes?
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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