2006-10-18 10:04:27 · 3 answers · asked by robb p 1 in Business & Finance ➔ Taxes ➔ United States
on my buy buy out they took about 38%-------but take it and then draw unemployment for 6 months at $1000.00 a month// If you accept your buy out in monthly payments will disqualify you for unemployment pay// hope this helps,a lot of the guys i worked with took monthly payments and wished later they had taken the lump sum,and you will qualify for schooling or some training to help you get another job..Good luck
2006-10-18 10:13:04 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I believe your taxes will be in the 18-25 percent range, but if you put the money into an IRA or 401K it won't be taxed until your retired and then it will be taxed at a much lower rate because you won't have entraneous income for the year, which you do now.
2006-10-18 10:09:33 · answer #2 · answered by Marcus R. 6 · 0⤊ 0⤋
Probably about 60%. Federal and State taxes
should get about 40%.
If you have any money in a company I.R.A., you can transfer it to any other I.R.A. for free and there are no taxes due.
2006-10-18 10:08:50 · answer #3 · answered by cab veteran 5 · 0⤊ 0⤋