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2. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   For Federal income tax purposes in the United States, there are several kinds of trusts: grantor trusts whose tax consequences flow directly to the settlor's Form 1040 (U.S. Individual Income Tax Return) and state return, simple trusts in which all the income created must be distributed to one or more beneficiaries and is therefore taxed to the ...

3. Sixteenth Amendment to the United States Constitution

   en.wikipedia.org/wiki/Sixteenth_Amendment_to_the...

   The Sixteenth Amendment in the National Archives. The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. It was passed by Congress in 1909 in response to the 1895 Supreme Court case of Pollock v. Farmers' Loan & Trust Co.

4. Charitable remainder unitrust - Wikipedia

   en.wikipedia.org/wiki/Charitable_remainder_unitrust

   A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...

5. Trust Tax Rates and Exemptions for 2022 - AOL

   www.aol.com/news/trust-tax-rates-exemptions...

   Continue reading → The post Trust Tax Rates and Exemptions for 2022 appeared first on SmartAsset Blog. ... In 2022 the federal government taxes trust income at four levels: 10%: $0 – $2,750 ...

6. How does your state tax retirement income? A comprehensive ...

   www.aol.com/finance/states-that-tax-retirement...

   Michigan. Michigan’s flat state income tax rate rose for 2024 to 4.25%, and the law surrounding the state’s pension deduction also changed, as part of a phaseout of the state’s three-tier ...

7. Estate Tax Rates, Limits, Exemptions and Other Rules ... - AOL

   www.aol.com/estate-tax-rates-limits-exemptions...

   The federal estate tax exemption — also referred to as the estate tax exclusion — is $11.7 million per person as of 2021. A married couple can effectively leave behind $23.4 million combined.