Tax laws are different in different places, and you did not give a location. In the US, an inheritance is not covered by income tax, but could be covered by some other taxes. Sorry, no one simple answer.
It is not possible to answer the question from the information given.
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
That will depend on their income. Every millionaire would be different as their income would be different. It will also depend on the local rates of taxation and other regulations where they live.
For the 2009 tax year if your taxable income is 4800 your federal income tax liability would be 483.
i am single with four children. how much would the taxes be on 10 million dollars?
It is not possible to answer the question from the information given.
100000 x 1.125
At six percent, you would make about $6000.
100000 thats all brotahaa
2.5% of 100,000= 2.5% * 100000= 0.025 * 100000= 2,500
A dollar is a dollar, 100000$
100000
At six percent, you would make about $6000.
100000 is the same number in all languages.
6445121 - 100000 = 6345121
It's worth exactly 100000
2000 x 100000 = 200000000