Filing status of a federal taxpayer has an immediate impact on the tax rate applied to taxable income. Consider a taxpayer, whose filing status is Single, with a taxable income of $50,000. Per the 2010 Tax Table, the tax liability would have been $8,675, for an average tax rate of 17.35 percent.
Escheat /áµ»sËtÊiËt/ is a common law doctrine that transfers the property of a person who died without heirs to the crown or state. It serves to ensure that property is not left in limbo without recognized ownership.
eschew (third-person singular simple present eschews, present participle eschewing, simple past and past participle eschewed) (transitive, formal) To avoid; to shun, to shy away from. The verb eschew is not normally applied to the avoidance or shunning of a person or physical object, but rather, only to the avoidance or shunning of an idea, concept, or other intangible.