Charges for maintaining investment accounts may include annual fees to allow the institution to cover expenses even if very few commission-generating activities, such as stock trades or fund transfers, take place on that account.
Caltrans Launches Pilot Program to Study State Mileage Tax for Road Maintenance. A Caltrans pilot program is underway to study a mileage tax for California drivers instead of the current gas tax to pay for road maintenance. The gas tax drivers pay at the pump has been working well for decades.
Instead, the generation-skipping tax was imposed at a flat rate equal to the highest marginal estate and gift bracket applicable at the time of the gift, bequest, transfer or termination. In 2009, that rate was 45%. In 2009, each taxpayer enjoyed a $3,500,000 exemption from the generation-skipping tax.