SOLUTION: IF I RECIEVE $100,000 AS A GIFT, HOW MUCH MORE MONEY MUST i receive as a gift so that the all of the taxes on the original gift and the tax reimbursment are taken care of by the gi
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-> SOLUTION: IF I RECIEVE $100,000 AS A GIFT, HOW MUCH MORE MONEY MUST i receive as a gift so that the all of the taxes on the original gift and the tax reimbursment are taken care of by the gi
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Question 335611: IF I RECIEVE $100,000 AS A GIFT, HOW MUCH MORE MONEY MUST i receive as a gift so that the all of the taxes on the original gift and the tax reimbursment are taken care of by the giver. Assume a tax rate of 41%.
You can put this solution on YOUR website! Since you have to pay 41% tax, you would owe,
an additional $41,000.
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If you receive the $41,000 as a gift, won't you have to pay another tax of 41% on that amount too??
