How much is the tax on $50K?

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by Answerbag Staff on July 16th, 2010
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How much tax is owed on a $50,000 dollar inheritance?

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ANSWERS. 1 helpful answer below.

by Solomon Lander on July 16th, 2010
GREAT ANSWER
Professionally Researched. (What's this?)

You will owe no tax if you receive an inheritance of $50,000. The estate from which you are inheriting the money may have to pay estate tax before they give you your inheritance, but that tax typically comes into play only with large estates valued in the millions of dollars


Read more: How much tax is owed on a $50,000 dollar inheritance? | Answerbag http://www.answerbag.com/q_view/2240257#ixzz2TI7KL9LN

Im sorry for her loss

That was just a google search. Im not sure if that's accurate.

That's quite a story

Nice of you to help the guy.

N$eacrestJ

haters gonna hate.

It's not.

Short story.

We were driving home 5 years ago and happened upon an elderly gentleman in the rain who was lost. She had me stop, and we brought him home. He had been visiting his wife who died two weeks later.

We helped him out until my folks and her mother ended up in the hospital a couple of years ago. We got some neighbors involved and they took over from there. We would visit him when he ended up in a nursing home. He passed away in April. At that time we found out that he chanegd his name, and that has parents were imprisond by the Nazi's in 1935.

He was smuggled out of the country and was adopted by a British man, and a German woman from Liverpool. He served with distinction for the British Army in WWII. And changed his name when he came here in 1949.

This Saturday a big envelope comes from a lawyer with some paperwork to sign off on. We were both stunned.

He passed away in April. At that time we found out that he chanegd his name, and that has parents were imprisond by the Nazi's in 1935.

He was smuggled out of the country and was adopted by a British man, and a German woman from Liverpool.

That's some weird chronology there.

Let me get $2,000.

Let me get $2,000.

I need about tree-fiddy.

But the smart question would be if the inheritance skipped a generation or not.

It's not.

Short story.

We were driving home 5 years ago and happened upon an elderly gentleman in the rain who was lost. She had me stop, and we brought him home. He had been visiting his wife who died two weeks later.

We helped him out until my folks and her mother ended up in the hospital a couple of years ago. We got some neighbors involved and they took over from there. We would visit him when he ended up in a nursing home. He passed away in April. At that time we found out that he chanegd his name, and that has parents were imprisond by the Nazi's in 1935.

He was smuggled out of the country and was adopted by a British man, and a German woman from Liverpool. He served with distinction for the British Army in WWII. And changed his name when he came here in 1949.

This Saturday a big envelope comes from a lawyer with some paperwork to sign off on. We were both stunned.

Do you trust your wife?

I do.

But if I can't get $2K to give to Cairo, the Crew is going to have me thrown off a roof.