Introduction. An inheritance tax is a state tax that you pay when you receive money or property from the estate of a deceased person. Unlike the federal estate tax, the beneficiary of the property is responsible for paying the tax, not the estate.However, as of 2014, only eight states impose an inheritance tax.he tax amount is calculated separately for each individual beneficiary, and the beneficiary must pay the tax. For example, a state may charge a 5 percent tax on all inheritances larger than $2 million. Therefore, if your friend leaves you $5 million in his will, you only pay tax on $3 million, which is $150,000.
Recent data released by the American Association of Trial Lawyers shows that 81 percent of all divorce cases in the last year used some form of evidence from a social media site when presenting their case.
How social media networks can affect society negatively. Save | Email | Print | PDF By: Kelly Marsh. Many people have a presence on one of the social networking sites and let's admit it, many of us are addicted to it-and why not, for it is the quickest way to contact our friends and make a long friend's list.However, like every good thing, it has a flip side as well.Yes, social networking sites such as Facebook, My Space and Tumblr etc, can also have a negative effect. Here are some of the reasons why: Invasion of privacy. We gladly put our photographs and information on our 'page'.owever, like every good thing, it has a flip side as well. Yes, social networking sites such as Facebook, My Space and Tumblr etc, can also have a negative effect. Here are some of the reasons why: Invasion of privacy.