What does income tax mean in Monopoly?

What does income tax mean in Monopoly?

""INCOME TAX": If you land here you have two options: You may estimate your tax at $900 and pay the Bank, or you may pay 10% of your total worth to the Bank. Your total worth is all your cash on hand, printed prices of mortgaged and unmortgaged properties and cost price of all buildings you own."

What does Super tax mean in Monopoly?

Luxury Tax is a space on the Monopoly Board nestled between Park Place and Boardwalk. Players who land on it must pay $75 to the Bank.

How much Monopoly money do you start with?

Each player is given $1500 divided as follows: 2 each of $500's, $100's and $50's; 6 $20's; 5 each of $10's, $5's and $1's. All remaining money and other equipment go to the Bank.

Who gets the tax money in Monopoly?

Anytime someone pays a fee or tax (Jail, Income, Luxury, etc.), put the money in the middle of the board. When someone lands on Free Parking, they get that money. If there is no money, they receive $100.