How much would taxes be on 1000000?

Answer 1

The taxes on $1,000,000 would depend on various factors, including the type of income (e.g., salary, capital gains), the applicable tax rates, and the jurisdiction (federal, state, and local taxes). In the U.S., for example, federal income tax rates can range from 10% to 37% based on income brackets. Additional state taxes may also apply, which can vary significantly. To get an accurate estimate, it's best to consult a tax professional or use a tax calculator that considers all relevant details.