2006-06-06 21:35:51 · 7 answers · asked by boringsadlife 2 in Games & Recreation ➔ Board Games
Since you posted in the Board Games category, I'm going to assume you're playing Monopoly. Income Tax is 10% of your total assets, including cash on hand, property, houses and hotels. So, add everything up (I use the mortgage value when adding the properties) and multiply it by 10%...and that's what you owe.
Have fun!
2006-06-07 02:26:39 · answer #1 · answered by southernserendipiti 6 · 0⤊ 0⤋
If you're playing Monopoly, the Income Tax penalty is either 10% of all your assets, or a flat $200. According to the official rules, you must choose which option you're going to use before you start counting your assets. If you're paying 10%, count up all your cash, the board price of all properties you own (only half if it's mortgaged), and houses and hotels at the price you paid for them. Get Out of Jail Free cards have no value for the purpose of computing Income Tax.
On a strategy note, I recommend going the 10% route only if you hit the space on the first two or three trips around the board, or if you recently had to pay out a big rent. $2000 is the pivot point; if you have less than that, you want to be paying 10%, but if you have more, pay the $200.
If you mean in real life, I have no idea. Ask an accountant. Better yet, ask your Congressman - they pass the tax laws.
2006-06-07 09:56:44 · answer #2 · answered by Chris S 5 · 0⤊ 0⤋
1/4 of everything you earned.
2006-06-07 04:38:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
use the second one
http://search.yahoo.com/search?p=how+to+calculate+income+tax&fr=FP-tab-web-t&toggle=1&cop=&ei=UTF-8
2006-06-07 05:16:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
what has that got to do with board games
2006-06-07 14:06:50 · answer #5 · answered by CalD 3 · 0⤊ 0⤋
Ask some c.a.
2006-06-07 04:40:29 · answer #6 · answered by sukh 2 · 0⤊ 0⤋
use a calculater
2006-06-07 10:46:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋