The profession of the person making the income makes no difference....except in this case, with the 5 million dollar income as a lawyer he would probably be smart enough to hire tax experts and have them structure things....like making businesses and trusts and different investments, etc so he could pay the best rates now, although maybe have to pay more later................
Yes, depending on how much they paid in taxes. IE Obama is getting back about 25K this year...he and his wife maid about 800K. They paid a great portion in taxes and therefore they are owed money back.
How much federal taxes do you have to pay on $600?
How much taxes are owed on 20000
There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.
Incidence of indirect taxes indicate how much burden of indirect taxes will be borne by the producers and how much by the consumers by way of rise in price.
$1.
5000000
10% of 5000000= 10% * 5000000= 0.1 * 5000000= 500000
0.01 percent of 5 million = 5000.01% of 5000000= 0.01% * 5000000= 0.0001 * 5000000= 500
5000000
5000000
25,000,000 cents
how much is 500 ekatommypia
about $55,000
$50,000
$5000000
5,000,000x.05=250000