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 a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full.In the case of wage garnishment, the court may order a series of payments deducted by a set amount from a debtor's paycheck.arnishment is a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full.