Plenty! You don't "pay tax" or "not pay tax" just because you're a "Billionaire"
You are libel for tax on money you earned in a given year. If you purchase a new Jet aircraft worth $2.500,000, you will pay a% for sales tax. (i.e. 5% is $125,000).
Let's say you put this money in a bank and let it draw interest at 6%; that's about $6,000,000. earned income; the US Gov't expects 52% a little over $3,500,000.
Still thing the rich don't pay their share????? and think again.
I think it is someone who owns a twice as much money as a billionaire.
To calculate how much tax you will pay, you need to determine your taxable income and then apply the appropriate tax rate. Taxable income is your total income minus any deductions or exemptions. The tax rate you pay depends on your income level and filing status. You can use tax tables or online calculators to help determine your tax liability.
The tower of London doesn't pay any tax because its a Crown property and Her Majesties Revenues and Customs do not tax themselves.
The estimated tax you should pay for the upcoming tax year depends on your income, deductions, and credits. It is recommended to consult with a tax professional or use online tools to calculate the estimated amount accurately.
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too much
That all depends on your personal circumstances and the country you pay your tax in.
How much tax you have to pay.
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