Q:
Why is this space named "Pay 50% Capital Gains Tax"? A:
Because when you land on this space, you must PAY 50% of all your Cash for
Capital Gains Tax. Q:
What is Capital Gains Tax? A: In
the Real World, Capital Gains Tax is the tax you pay the Government on profits
you make during the sale of Stocks or other assets. Q:
What happens when I land on Pay 50% Capital Gains Tax? A:
Step 1: Count all your cash. Step 2: Divide the total cash by 2. Step 3: Round
amount to nearest $100 when necessary. TRICK:
If you have more than one bill of the same denomination; set aside one bill for
the bank and one bill for yourself in two separate piles. If an odd bill is left
over, return it to the rest of your cash. Repeat this process with other denominations
as necessary using the same two piles you already created. Give one pile of
cash to the Bank when you are done. Follow Steps 1-3 above for the remaining
cash you have; but do not count the cash pile you created for yourself. Q:
Do I count my other assets besides cash? A:
No. You only count your cash. Q:
What happens if I don't have any cash? A:
You don't pay anything, even if you have other assets. Q:
What's an example of a player landing on Pay 50% Capital Gains Tax? A:
Suppose you land on Pay 50% Capital Gains Tax and your Cash Total is $78,500.
Now, after dividing by 2 you obtain $39,250. Rounding this amount to the nearest
$100 you obtain $39,300. So, you must PAY $39,300 for Capital Gains Tax. |