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  2. Generation-skipping transfer tax - Wikipedia

    en.wikipedia.org/wiki/Generation-skipping...

    In 2010, like the Federal Estate Tax, the generation-skipping transfer tax was briefly repealed. In that year, the GST tax rate was effectively zero. [9] However, the law that created increased exemptions and the ultimate repeal of the GST tax expired on December 31, 2010. [10] In 2016, the exemption was $5.45 million per person.

  3. Northern Neck Proprietary - Wikipedia

    en.wikipedia.org/wiki/Northern_Neck_Proprietary

    The Northern Neck Proprietary – also called the Northern Neck land grant, Fairfax Proprietary, or Fairfax Grant – was a land grant first contrived by the exiled English King Charles II in 1649 and encompassing all the lands bounded by the Potomac and Rappahannock Rivers in colonial Virginia. This constituted up to 5,000,000 acres (20,000 km ...

  4. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale. Use tax is self-assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike the value added tax, a sales tax is imposed only at the retail level.

  5. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

  6. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]).

  7. Bare trust - Wikipedia

    en.wikipedia.org/wiki/Bare_trust

    In trust law, a bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into their own name. Assets in a bare trust are held in the name of a trustee, but the beneficiary has the right to all of the capital and income of the trust at any time if they are 18 or over (in England and Wales), or 16 or over (in Scotland).

  8. Land Trust of Virginia - Wikipedia

    en.wikipedia.org/wiki/Land_Trust_of_Virginia

    The Land Trust of Virginia (LTV) was originally formed in 1991 as the first statewide nonprofit land trust in the Commonwealth of Virginia.LTV uses a legal tool called a conservation easement to help landowners voluntarily protect scenic, historic or environmentally sensitive lands while keeping the land in private ownership and open for compatible uses, including forestry, farming, recreation ...

  9. Shawnee Land, Virginia - Wikipedia

    en.wikipedia.org/wiki/Shawnee_Land,_Virginia

    22602. FIPS code. 51-71625. GNIS feature ID. 2630782. Shawnee Land is a residential community in Frederick County, Virginia, United States. Shawnee Land is located on the eastern slopes of Great North Mountain. The U.S. Census Bureau defines it as a census-designated place (listed as Shawneeland), with a population of 1,873 as of 2010. [1]

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