How much is the tax on $50K?

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Why don't you just call in to Sports and Torts and ask?

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Host of the weekly "We Fish ASA" podcast
Weekly columnist for the Northwest Herald
Bi-monthly columnist for Illinois Outdoor News magazine
Former host of The Outdoors Experience on WIND and The Great Outdoors on CLTV
http://www.wefishasa.com

i thought this would be easier

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Home / Questions /
by Answerbag Staff on July 16th, 2010
QUESTION
Help answer this question below.

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

I hope my wife shares then.

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Im sorry for her loss

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

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.

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That's quite a story

Nice of you to help the guy.

Crest, you are a really good guy. Cool story.

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It was my wife.

He was a really cool guy though. And I knew all along that the story he told us had some holes in it, but I actually thought that we might find out that he as a Nazi.

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N$eacrestJ

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haters gonna hate.

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I pictured you as more well proportioned gentleman.

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likely story

Don't worry, I won't narc

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

That's pretty awesome. You shouldn't have to pay any taxes if it's in a Trust. I didn't have to for my inheritance last October.
you'll just have to file a 1040-K1 (i think) document with your taxes next year.

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@audioidkid

Ask Frank, I am sure he is well versed on the tax laws! I mean he seems like a sharp cookie!

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"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

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

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"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

That's some weird chronology there.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Read like a Tarantino scene sequence.

It didn't skip in my case.

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@audioidkid

Let me get $2,000.

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Kid Cairo's Boers & Bernstein YouTube Channel

Kid Cairo: 2013 March Madness Tournament Winner!

"Cowabunga? Cowa fucking piece of dog shit! This game is diarrhea coming out of my dick!"

I knew you wouldn't let me down.

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2018
#ExtendLafleur
10 More Wins

Very nice, Seacrest.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

He and his wife had no children or relatives in the States that we were able to find when we helped him. The neighbors and lawyer have not been able to locate anyone either.

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Do you trust your wife?

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This sounds like something from Penthouse Forum with the sex deleted.

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Host of the weekly "We Fish ASA" podcast
Weekly columnist for the Northwest Herald
Bi-monthly columnist for Illinois Outdoor News magazine
Former host of The Outdoors Experience on WIND and The Great Outdoors on CLTV
http://www.wefishasa.com

I do.

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

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1. metra rooftop blowjob.
2. throw off roof.

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@audioidkid