Question: How do I calculate how much I owe for Income Tax?
Answer: A player who lands on Income Tax is required to pay (to the bank) either $200 or 10 percent of all of his or her assets -- cash, properties, houses and hotels.
If you have assets worth more than $2,000, you should go ahead and pay the $200. If you have assets worth less than $2,000, you should do the math.
To calculate the value of your assets in Monopoly, add all of the following:
- Cash on hand
- Purchase price of all property (mortgaged and unmortgaged)
- Purchase price of all houses and hotels
