-$10,000,000.00
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i am single with four children. how much would the taxes be on 10 million dollars?
Eighty-two and 10/100 dollars
I am not sure about US tax but in the UK you could claim a capital loss BUT only if you sell the stocks. (If you don't sell then in 10 years they could be worth 100000 dollars) Also in the UK you could not offset the loss against income only against tax on a capital gain (selling stocks at a profit).
"Write offs" are slang for items that you deduct from your tax income or obligations. For example, if you have investment income of $100 but have a loss of $10 you can "net" the loss against the income. Or, as another example, if you pay fees of $12 for your IRA account, that fee is allowed to be "written off" the income.
Contribution margin = Sales revenue - variable cost Contribution margin = 10 million - 6 million Contribution margin = 4 million