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.
Origin and Etymology of escheat. Middle English eschete, from Anglo-French, reversion of property, from escheir to fall, devolve, from Vulgar Latin *excadÄre, from Latin ex- + Vulgar Latin *cadÄre to fall, from Latin cadere â more at chance. First Known Use: 14th century.