Thu, 13 Oct 2011 09:00:17 -0500
i know that if you win alot (lets say around 200k) of money from the lotto or gambling, than a quite significant amount in taxes are taken out. but what if you inheret or was given that money from family such as parents who earned that money and have already paid taxes in the form of gross profit. will there be any taxes taken then?for example, my parents are selling their business and have agreed to give me 200Kof the profit to start my own. now, how much should i expect to actually have when all is said and done.
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