How much taxes do you pay on a million dollars?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
If you take your money in a lump sum, you'll receive a single payment of $620,000--this is equal to the present cash value of the 30-year annuity. However, after taxes, you'll be left with only about $375,000. In fact, it's about one-third of the promised million dollars.
2023-06-21 05:19:29
评论(499)
Helpful(122)
Helpful
Helpful(2)

Mia Walker
QuesHub.com delivers expert answers and knowledge to you.
If you take your money in a lump sum, you'll receive a single payment of $620,000--this is equal to the present cash value of the 30-year annuity. However, after taxes, you'll be left with only about $375,000. In fact, it's about one-third of the promised million dollars.