Ron and Gail are going to invest some of their $$$$ for two years from January 1 2016 to December 31, 2017
Use 2016 rates, etc. for both 2016 and 2017. they are married filling joint.
Their taxable income without any return is $200,000.
They will invest 55,180 for two years...leaving investment to grow for those two years
Land will appreciate at 2.5% per year
Property taxes will be $2,300 per year
They will rent it as a pasture for $2,867 per year.
Show the net return given in 2017 considering expenses, annual compounding of interest/appreciation, timing of income and of tax payment, and tax rates. Incorporate 2016 net income and net costs into the answers to see true net return.