2007-05-26 15:34:24 · 9 answers · asked by Joe Smith 1 in Business & Finance ➔ Taxes ➔ United States
This would be ordinary federal income tax
2007-05-26 17:42:02 · update #1
Too many variables to answer that question without more information.
What type of taxes? Income, Inheritance, Gift?
Ordinary income, capital gains?
Only federal taxes or state taxes as well?
2007-05-26 15:38:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Holy sh**! You paid that much in taxes? Daaaaaaaammmmm! What is $750,000.00 35% of? You probably are in the 35% income tax bracket. So those taxes are 35% of something. By the way, have you fully contributed to your employer sponsored retirement plan and a traditional IRA(since you make way too much for a Roth)? Also, you may want to hold an index fund(Vanguard) for a decade or so.
2007-05-26 16:28:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The highest Federal income tax rate is currently 35%. That puts your taxable income at around $2,142K. If you made anywhere near that amount, you should have a CPA on your PERSONAL payroll. Ask them what you made.
2007-05-27 06:59:02 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
No possible way to tell from the information given. There are SO many variables on income tax laws that merely knowing the tax amount is meaningless.
2007-05-26 21:17:41 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 2⤋
Well over $2 million.
2007-05-26 18:47:02 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
I don't know how much you earned, but I do know that it was a whole lot more than I've earned in my entire lifetime!
2007-05-26 15:38:32 · answer #6 · answered by Tracy C 1 · 0⤊ 0⤋
More than enough to get an accountant who knows what the hell he is doing, which you obviously didn't.
2007-05-26 21:11:36 · answer #7 · answered by mdk 3 · 1⤊ 0⤋
Much more than I did
2007-05-26 15:37:44 · answer #8 · answered by KM 3 · 1⤊ 0⤋
you can check with taxe dept
2007-05-26 19:49:02 · answer #9 · answered by jeffrey b 4 · 0⤊ 0⤋