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.
Here are all the possible meanings and translations of the word escheat. Princeton's WordNet(0.00 / 0 votes)Rate this definition: escheat(noun) a reversion to the state (as the ultimate owner of property) in the absence of legal heirs. escheat(noun) the property that reverts to the state.