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.
Garnishment is an American legal order for collecting a monetary judgment on behalf of a plaintiff from a defendant. The money can come directly from the defendant (the garnishee) orâat a court's discretionâfrom a third party. Jurisdiction law may allow for collectionâwithout a judgment or other court orderâin the case of collecting for taxes.