What tax bracet would i be in if i made 1 million dollars a year as appose to 1 hundred thousand?
452723
Probably a lower one because millionaires usually know or learn how to have more write-offs and no doubt pay less taxes than the working class and believe me $100,000 a year is not all that much nowadays. Good luck! :-)
945726
Yeah unless the money Is delt under the table. Youll have to pay a tax on it, the ammount really depends on how much youll be reiciving
990672
If you spend it wisely, yes.\n\nLet's say you're 20 years old. one million would last you 60 years at about 16,500 a year so it would be like having a job making about $10 an hour
32314
It's taxable income.  How much you pay in taxes depends on your tax bracket (the percentage of tax you pay on your last dollar earned).\n\nIf that's all you made that year, the standard deduction and personal exemption would offset it, and there would be no federal taxes.  If you have other earnings though, there's no way to tell how much you'd play in tax without knowing your actual numbers.
235547
im thinking starting value at $100k
1045967
Don't do it.  It's an insanely high price to pay for a thousand-dollar loan.  As for how much you have to pay monthly, that's impossible to tell unless you can also tell me how long they are giving you to pay it back.\n\nDon't cash it.  You'd be paying $37 monthly for principal and interest, plus a $37 monthly charge.  This would make a total of $74 month.  That's pretty close to an effective rate of about 73% and you would pay a total of around $1,600 for a $1,000 loan.
1064545
The IRS calls an "accredited investor" someone who makes $250K per year OR has a net worth in excess of $1M.  \n\nNot a bad definition in my mind, however rich is relative.  If I had as much money as Oprah I'd be rich (1.2B).  If Bill Gates was worth $1.2B he'd consider himself poor (currenltly worth $50 billion or so).\n\n$25K goes a LONG way in Thailand, the philippeans, and many parts of Africa and Latin America.  \n\nRich is relative.
29787
With 1.5 million invested you should be able to get 6% without a sweat if you have half way decent financial advisor. \n\nThat's 90k in income.  If you have no mortgage I dont see why you can not retire with 90k - taxes.\n\nOf course it depends on what type of lifestyle you are accustomed to and if you are willing to lower your standards while in retirement?\n\nAlso keep in mind that when you reach 67 you'll also be getting money from Social Security so that will hopefully boost your income at that time but does not help now.\n\nI would not recommend touching the principal but rather living off the interest off the money so when you pass away you'll have something for your heirs or charity whatever the case may be.\n\nUltimately only you can decide what type of life to live after retirement.  If you can live with a before tax income of 100k or so you are good to go.  Also remember income from investing are not taxed for social security so you only have federal and state tax to worry about.  Move to a state that has no state income tax and you save 5k right off the bat.
240381
If you made over 600 they employer has to give you a 1099. If he has your social I'm sure that he is going to report that you were pd. The IRS will also get a copy of this 1099. So the chances of them looking into it are good. If you make over 400 on a 1099 you have to file. You will file on a 1040 form. Your 1099 income will go on a schedule C. You will also take the expenses form that same form. Just save yourself some money and do it now. If you don't you will pay interest and penalties.
101871
First I would pay my taxes; then I would pay my debts, cut some of my friends and family a $1000 check each, and bank the rest, while I thought about what to do with it. I would then go on a long vacation.
465193
Lump Sum as you have no idea what the tax laws could change to in the future........  First thing i would do is to set up a 1 million dollar trrust to send ANY child related to me now or in the future to go to collegte only restriction is that they would have to finish thier degree, then they would be debt free failure to do so would require them to pay it back.  second thing give 1.5 million to my brothers and sisters and cousins... here you go pay off your bills buy a new car, house what ever but,,,, this is all there is you can not have anymore .
762987
You would be committing fraud and could be jailed by the federal court. Get your butt to work! I don't want my hard earned tax money going to your lazy butt.
268931
It depends on where you live. Look it up at IRS.GOV
592885
Depends on how many dependants and how much you write off as business expense.  Tax is typically 1/3
392695
It depends on where you live.  Go to www.irs.gov for the answer.
742975
Assuming that you invested the $100 in an index fund, and the market returned 10% annually, in 5 years your investment would be $7,743.\n\nYou would owe taxes on your gains, so you net would be less.
1020373
Your next question a year from now will be- \nWhat Kind of Hard Work is Required to Reach $100k a Year?