How Much Would Taxes Be on One Million Dollars?

Answer

Unfortunately, how much taxes would be on one million dollars differs upon location. In most states, taxes are presently 9% as of 2012. This means that taxes on one million dollars would be $90,000. This means you would get approximately $910,000 after taxes.
Q&A Related to "How Much Would Taxes Be on One Million Dollars..."
As your income increases, so does the percentage of tax you pay on the income. People in the lowest tax bracket pay 10 percent. For single people in 2012, the first bracket ends at
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Generally, anyone with taxable incomes of $100,000 and above uses the Tax Computation Worksheet, not Tax Tables. The tax rate on taxable incomes over $372,950 is 35 percent. On $1
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The tax on 5 million dollars would all depend on how you got the money
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Where is the Million dollars? Is it on you now? Embed Quote
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