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10000 pounds per month
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∙ 12y ago
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Do you have to pay tax on mother's house you inherited and sold?
If you inherit something of value -- instead of earning it through work -- you pay no tax unless the value of what you inherit is greater than $5 million. In 2013, the amount you can inherit tax-free goes down to a "mere" $1 million. In other words, if you earn money by working for it, you pay income tax. If you inherit the money, you pay pretty much nothing unless the amount is truly huge. To some politicians, this difference in tax rates is called a "flat" tax. Others propose that those who get their money, not by working for it, but by inheriting it, should pay no tax at all -- which these people also insist is a "flat" tax rate.
How much tax does the oil industry pay?
Yes i can answer it!! As of June 1st 2012 Big Oil Companies pay around 86 million dollars a day in taxes. So get a calculator that can give you the correct answer. $86 million times 365and days in a year.
Is there in the US capital gains tax on inherited property?
No. In the present system, you pay estate tax and you get a step up in basis and the date of death. But if you hold the house or stocks for several years, you should get the house appraised or get a stock quote and you will pay tax on the price change while you own it. Estate tax exemption changes from year to year. Right now it is several million, so if you are inheriting less than several million, it is tax free. Check with IRS for details. No. In the present system, you pay estate tax and you get a step up in basis and the date of death. But if you hold the house or stocks for several years, you should get the house appraised or get a stock quote and you will pay tax on the price change while you own it. Estate tax exemption changes from year to year. Right now it is several million, so if you are inheriting less than several million, it is tax free. Check with IRS for details.
How much TAX does the Tower of London pay each year?
The tower of London doesn't pay any tax because its a Crown property and Her Majesties Revenues and Customs do not tax themselves.
How much Jackson Hewitt charges for pay stub tax loans?
what do hewitt charge to do rapidrefung on a 1040 tax form
How much inheritance tax would you pay on two and a half million pound?
one hundred and forty thousand pounds
How much interest on 157 million pounds?
At the current bank of england interest rate 0.5%, £157 million pounds would pay interest of £785,000 per year, or £65,416.68 per month.However if you are a UK tax payer, and if you have £157 million pounds earning you interest you most certainly will be. You will have to pay tax on that interest.It breaks down to (for the average person)£65,416.68 Gross Income (interest paid to you)£28,279.01 Tax (you have to pay this)£1,576.20 National Insurance (you have to pay this)Leaving you with a total of£35,561.48 Per Month (This is the amount of money you get to keep and spend)
If you earn 5000 pounds a year how much tax will you pay?
if i earn £5000 a year what percentage of tax should i pay
How much tax would you pay on 15 million dollars?
600thou
How much does cornstarch cost per pound?
$1.88 with out tax
How much tax would you have to pay on 2 thousand pounds?
How much tax will have to be paid on buying a plot of £46000 in Brazil, when the money is transferred from England
How much tax do you pay on 900 a wek?
how much tax do i pay on 900 a week
When do you pay your sales tax in Arkansas?
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
How much tax will be taken out of 7500000?
On 7.5 Million...likely your gonna pay at the highest rate of 35%. Plus State. How much is withheld, depends.
How much tax do ypu pay on 26000?
on an estate settlement how much money in tax will i pay on $26000.00
How much tax do you pay if you earn 5000 a month?
How much tax do I pay if I earn 8000 a month
How many tax do you pay on a salarry of R8000?
How much tax do i pay on r8000
