What pourcentage will be taken away from me ?
2007-01-18 23:27:40 · 3 answers · asked by ? 3 in Business & Finance ➔ Taxes ➔ United States
For information in France if you make over 60.000$ a year you pay 60%
And if all you wealth is worth over 750.000$ you have to pay an extra 1,2% on the value of everyting you hown (car, house, clothing, computer, art.....)
2007-01-18 23:41:25 · update #1
Well, the top tax rate is 35%, unless your money comes from capital gains in which case its taxed at 15% maximum (unless you sold a collectible, in which case its 28%). So on a straight million you would pay anything from $150,000 give or take, all the way up to $350,000.
Now if you are smart enough to make that sort of money you should be smart enough to engage a CPA. A wise one may be able to reduce your tax bill quite handsomely, hopefully by more than the fee you get charged.
2007-01-18 23:33:28 · answer #1 · answered by skip 6 · 0⤊ 0⤋
This website is available http://nextbracket.com/category/federal-tax-info/
California 9.3% above $40,346
Tax for the year $93,000 will be taken away from you
2007-01-19 07:49:59 · answer #2 · answered by Tonia 3 · 0⤊ 0⤋
My guess is you'd move to Vanuatu or another tax haven and avoid paying any tax
2007-01-19 07:36:36 · answer #3 · answered by upf_geelong 3 · 0⤊ 0⤋