The sports leagues are exempt from paying federal income taxes — a free pass that has been subject to recent debate amid a swirl of related controversies about the fairness of the tax code and questions about whether some groups are worthy of tax exemptions

The sports leagues are exempt from paying federal income taxes — a free pass that has been subject to recent debate amid a swirl of related controversies about the fairness of the tax code and questions about whether some groups are worthy of tax exemptions

One of the primary estate planning concerns for most clients is estate taxes.  Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible.  The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.

One of the primary estate planning concerns for most clients is estate taxes. Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible. The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.

In the News   While legislators have been considering modifying or eliminating the mortgage interest tax deduction, a Pew Charitable Trusts study shows the rate at which the deduction is claimed varies widely by region.  In 2012, 34 million households claimed the deduction, costing the federal government $68 billion, according to congress’s Joint Committee on Taxation. The deduction is one of the most costly federal tax expenditures.  While 22 percent of tax payers claim the deduction...

In the News While legislators have been considering modifying or eliminating the mortgage interest tax deduction, a Pew Charitable Trusts study shows the rate at which the deduction is claimed varies widely by region. In 2012, 34 million households claimed the deduction, costing the federal government $68 billion, according to congress’s Joint Committee on Taxation. The deduction is one of the most costly federal tax expenditures. While 22 percent of tax payers claim the deduction...

“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

NC State Surplus Property Agency - Main Link   It is a listing of stuff that they seized and are selling over the internet (in Raleigh).

NC State Surplus Property Agency - Main Link It is a listing of stuff that they seized and are selling over the internet (in Raleigh).

Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014 - Tax Foundation - Tax Foundation

Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014 - Tax Foundation - Tax Foundation

In addition to the federal estate tax of 40 percent (which is fourth highest in the OECD), many U.S. states levy their own estate and inheritance taxes.  Estate taxes are charged against the estate regardless of who inherits the assets, while inheritance taxes are levied on the transfer of assets to heirs, based on the relationship of the inheritor to the deceased.

In addition to the federal estate tax of 40 percent (which is fourth highest in the OECD), many U.S. states levy their own estate and inheritance taxes. Estate taxes are charged against the estate regardless of who inherits the assets, while inheritance taxes are levied on the transfer of assets to heirs, based on the relationship of the inheritor to the deceased.

Pinterest • The world’s catalogue of ideas
Search