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12y ago

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How much income tax is taken out of ten million dollars?

i am single with four children. how much would the taxes be on 10 million dollars?


How do you write a check for 82.10?

Eighty-two and 10/100 dollars


You bought 5000 dollars worth of penny stocks they are now worth 148 dollars can you claim the loss on your income tax?

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).


What is the income tax on 10 million dollars?

The income tax on 10 million dollars depends on the applicable tax rates and the specific tax laws of the jurisdiction in question. In the United States, for example, the federal income tax is progressive, with rates that can go up to 37% for income over $518,400 for individuals (as of 2023). Additionally, state taxes may apply, which can vary widely. Therefore, the total tax liability could range from approximately 3.7 million dollars (at the highest federal rate) to significantly more when including state taxes and other considerations.


What are tax write offs?

"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.