Friday, September 25, 2009

TAXES

THIS IS A BASIC SUMMARY OF TAXES:
TAX.....................................................................REMAINDER
*$6,000,000=$2,074,840.....................................$3,925,160
*$20,000,000=$6,974,840...................................$13,025,160
*$100,000,000=$34,974,840...............................$65,025,160
*$200,000,000=$69,974,840...............................$130,025,160
*$400,000,000=$139,974,840.............................$260,025,160
*$500,000,000=$174,974,840.............................$325,025,160
*$600,000,000=$209,974,840.............................$390,025,160
___________________________________________________________________________________
SOCIAL SECURITY TAX
PRIVATE...............................EMPLOYEE........................SURVIVOR/DISABILITY...REMAINER
*6,000,000
$174,000.................................$459,000............................$900,000...............................$3,292,160

$20,000,000
$580,000.................................$1,530,000.........................$3,000,000............................$10,915,160

$100,000,000..........................$

$400,000,000
$11,600,000............................$3,000,000........................$60,000,000...........................$188,425,160

$500,000,000
$14,500,000............................$38,250,000......................$75,000,000...........................$235,525,160

$600,000,000
17,400,000..............................$45,900,000......................$90,000,000...........................$254,125,160
NOTE:social security tax taken from entire profit.actual estimate is below:
$100,000,000
$2,900,000..............................$7,650,000........................$15,000,000...........................$89,450,000
__________________________________________________________________________________
REMAINDER AFTER TAX/SOCIAL SECURITY TAX
AMOUNT..........................................................REMAINDER
$6,000,000.........................................................-$85,524,840
$20,000,000.......................................................-$76,424,840
$100,000,000.....................................................-$24,424,840
$200,000,000.....................................................$40,575,160
$400,000,000.....................................................$170,575,160
$500,000,000.....................................................$235,575,160
$600,000,000.....................................................$300,575,160

No comments:

Post a Comment