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How much taxes are taken out of a million dollars?

Mia Wilson | 2023-06-13 05:19:36 | page views：1723
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Benjamin Davis

Works at the United Nations Development Programme, Lives in New York, NY, USA.
In fact, it's about one-third of the promised million dollars. You'll can save on taxes by taking an annuity because, depending on your other income and the annuity amount, it may not be subject to the top income tax rate (currently, 39.6%). A large lump-sum payment would be taxed at the highest rates.
2023-06-15 05:19:36
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Alexander Davis

QuesHub.com delivers expert answers and knowledge to you.
In fact, it's about one-third of the promised million dollars. You'll can save on taxes by taking an annuity because, depending on your other income and the annuity amount, it may not be subject to the top income tax rate (currently, 39.6%). A large lump-sum payment would be taxed at the highest rates.
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