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Federal tax on 1,000,000.00

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What is the sum of .21% from 50,000,000,000.00?

50,000,000,000.00 * 0.21 / 100 = 105,000,000.00 or (as 0.21% = 0.0021) 50,000,000,000.00 * 0.0021 = 105,000,000.00 or (as 0.0021 = 2.1 * 10 ^-3) (2.1*10^-3) * (5*10^10) = 10.5*10^7 = 1.05*10^8 = 105,000,000.00

What is excise tax and regressive tax?

Excise is an example of a regressive tax along with such taxes as payroll tax. They are considered regressive as they are usualy levied upon a business and they have the characteristic of not contributing to the growth or development of that business. more info : https://www.onlinefiletaxes.com/

What are taxes on 229,000,000.00?

That depends. Are those millions an inheritance? There are estate taxes if it's over $5 million. Is that yearly income? If it's salary, bonus, speaking fees or endorsements the top tax rate is 39.6% plus state tax. If it's capital gain the top rate for 2013 is 20% plus state tax. Investment ...