Talismen
Lady Templar & Kafir
it should have said that business income and business expenses are not the same thing as the income that the owners take home.
personal income that an individual takes home, is not the same thing as the revenues that a business generates.
yup your great grandparents, im sure you worked there your whole life, did their accounting and they each made over $250k a year in salary as well.......
I worked there, restocking shelves, at a very young age. Didn't get paid for it.
It was just to help them out. They were older folks, and were the only two "official" employees at the store.
And no -- they didn't make $250,000 a year.
In today's numbers, they were lucky to clear $50 to $60k per year. But both had been through the depression, and knew how to "save a penny" and conserve. The store opened in the late 40's, closed in 1980.
They lived in a 3-room apartment in the back of the store. Living room, bedroom and kitchen, with what would commonly be referred to these days as a "guest bath" for their bathroom.