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Taxes, including inheritance taxes, vary from state to state, and country to country. Sometimes your other income will be included in the tax calculations and other times not, or only partially.
Therefore, it is not possible to give an answer to this question as you yourself would be the only person that has all of the necessary information needed to complete you income tax return, and so compute your tax liability.
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∙ 10y ago
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Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
How much money does a rich person have to pay for taxes?
69 %
How much money will I have to pay in taxes if I don't have insurance next year under Obamacare?
How much money a person has to pay in taxes if they don't have insurance depends on how much money they make and how big their family is. Obama Care will decide the amounts.
Do I have to pay taxes on money I inherited?
It depends (a) on what country you're in and (b) how much you inherit. In the UK - you pay inheritance tax on estates valued at over £325,000
If you inherit a house do you pay income taxes on it?
No, you pay inheritance tax and, ultimately, property tax as the owner.
How much money does the federal government spend on court taxes?
The federal gov doesn't pay taxes
How much money in taxes people had to pay in 1770?
The colonists of America had to pay about $1.20 a year in taxes. Based on inflation, that is about $624 today.
How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
What are the advantages and disadvantages of inheritance tax?
An advantage of the inheritance tax is that it raises money for the government. A disadvantage is that people that inherit property may not have the means to pay the taxes on the items.
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
