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Updated over 2 years ago on . Most recent reply

David Pimenov's profile image
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David Pimenov
  • Member since Mar 28, 2023

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David Pimenov's profile image
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David Pimenov
  • Member since Mar 28, 2023
David Pimenov
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Personal Finance

High income earner taxes

David Pimenov
Posted

Just generally speaking how much in taxes would someone living in houston, tx have to pay uncle sam if they have about 100 million usd deposited in a chase bank account even if its not for the purpose of accruing interest $$$?  What if they have about almost 750 million usd in a fidelity mutual funds account assuming its a diversified portfolio structured investment?  Even if in both cases the money is just "sitting there", how much might they have to pay in taxes to the irs?  

Houston, Texas
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Simon W.'s profile image
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Simon W.
  • Real Estate Consultant
  • from Lehigh Valley PA & New York City
  • Member since Jan 14, 2013

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Simon W.
  • Real Estate Consultant
  • from Lehigh Valley PA & New York City
  • Member since Jan 14, 2013
Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
Replied

This post has to be a joke. 

You have $1.4B and you cannot afford to didn't hire a tax/CPA advisor, but instead wasting your time on a forum to ask this question?

  • Simon W.
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