What would you like to do?
he pays 40% to the state of new york, and another 10% to his agent. the 22 million dollars he makes quickly turns into 11.
2 people found this useful
Was this answer useful?
Thanks for the feedback!
According to the Tax Foundation, a nonpartisan organisation, the average American pays an average tax rate of 12.60% percent on their income as of 2008. According to th…e figures released from the 2007 US Census the median earnings of men who worked full time, year-round were $45,113 and women were $35,102. Arithmetic provides: Tax for Men: $5684.24 Tax for Women: $4422.85 According to figures based on the average reported income of Americans, as tabulated by data collected from income tax returns in 2008, the median income of all people, both men and women, is $31,987. Tax on Average: $4030.36 Please consider that this was in no way calculated by an economist or an actuary with accredited math skills, also that this only represents income tax and not other forms of tax and that the figures available from the sources mentioned are not always compatible. However I believe that this answer may be marginally more educational than the former one which stated the unfounded and likely erroneous figure of $10 million.
The tax rate for a $125,000 per year salary would be up to 25%. This would be up to $31,250 per year in taxes.
There were 131,113,969 returns filed in 2004. Of those who filed, 42,545,501 (32.4%) had zero tax liability. This is estimated to increase to in excess of 40% in 2009. A filer… can represent an individual, a household or in some instances a small business in the form of a proprietorship. Contrary to a quip previously posted that only the poor pay taxes, the top 1% in terms of adjusted gross income (AGI) account for 39.9% of income tax collected in 2006. The top 25% (AGI > $64,702) account for 86.27% while the bottom 50% of filers by income don't even add up to 3% of collections. - BB From the Tax Foundation: In 2004, a record 42.5 million tax returns - one-third of all returns filed - had no income tax liability because of the available credits and deductions in the tax code. This is a 42 percent increase in the number of zero-tax filers in just four years. In addition to these zero-tax filers are the 15 million individuals or households who do not earn enough to file a tax return. Overall, nearly 58 million taxable households are outside of the income tax system. These findings raise serious questions about the future of the U.S. income tax system. Are any future tax cuts, or even tax reforms, possible when the lion's share of the tax burden is increasingly borne by a shrinking pool of taxpayers who - at least on paper - appear to be "upper-income"? And will the expanding pool of non-payers demand even higher income taxes? http://www.taxfoundation.org/research/show/542.html
It pays over $100,000,000,000
How much tax would you pay on 50,000.00 if sould house for short sale
You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numb…ers that you are looking for. If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 6 for the 2010 Tax Rate Schedules page 7 has the estimated tax worksheet. The tax brackets for 2010 will be on page 8 of the 1040ES. You would add all of your gross taxable wages from the W-2 forms box 1 wages, salaries, tips, etc and any other net profit from other earnings that you have in your hand and that amount would be a added to all of all of your other worldwide gross income total and that is the amount of income that would be used to start with to calculate your estimated taxes for the year. You can find the estimated tax worksheet and instructions by using the below enclosed information If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 8 for the 2010 Tax Rate Schedules and page 7 for the worksheet. You can try anyone of the on line estimated tax calculators for some estimates to get an idea of what things may look like after using the correct IRS forms and compare the numbers.
When your income tax return is completely correctly then you will know the amount of your federal income tax liability. This answer will only be known after you determine th…e amount of your gross income that will be taxable income to you on your income tax return. For an example if you are a qualifying dependent on another tax payer's income tax return and you have 951 of unearned income your federal income tax liability would be $1 in federal income taxes. Interest, dividends, capital gains, rental income, gambling winnings, etc. If you have 5700 of gross earned income wages, salaries, tips, etc. from an employer added to the 951 of unearned income on your 1040 income tax return then your federal income tax liability amount on your 1040 income tax return would be $96. If you are a self employed taxpayer and have a net profit of 500 from your schedule C-EZ and schedule SE added to the above amounts then your federal tax liability would be income tax $141 plus yourself employment tax of $70 for a total amount owed of $211 when your 1040 income tax return is completed correctly
More than any of the folks who want to know.
It only cost the average taxpayer a few pounds a year; it is worth it. Say there are about 40 million taxpayers in Britain, divide 88 million by it, and you have £2 and 20…p, if you go by £176 million, and divide by 40 million taxpayers, you get £4 and 40p! Not a lot to spend for something that is vital to our nation's pride, image, and government. So, the answer: around £3.
as much as they wont.... =)
well to be hoesnt i don't really know
houston texas harris county
The tower of London doesn't pay any tax because its a Crown property and Her Majesties Revenues and Customs do not tax themselves.
In Income Taxes
This depends on your country. Without this information, your question cannot be answered. Re-ask giving a specific country in your question.