Sentences with phrase «generate federal estate»
It is possible that an estate that is too small to generate federal estate taxes may nonetheless trigger state estate or inheritance taxes.
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Most business are a principal asset in the family estate, and most are large enough to generate substantial federal estate taxes which is essentially a «death tax» that may be 45 % of the estate.
In 2012, only 3,300 Americans are expected to pay federal estate tax, generating $ 12 billion in revenue.
Because life - insurance death benefits are exempt from federal taxation, many financial planners often use clients» life - insurance benefits to help pay for the estate taxes generated upon the death of a loved one.
Editor's Note: The Federal Aviation Administration's proposed rules for the commercial use of unmanned aircraft vehicles, or drones, announced in February has generated much discussion among members about the legality of their use in the real estate industry.
Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.
Despite sluggish demand for commercial loans, the country's small community banks (assets of $ 1 billion or less) generated record profits of $ 12.5 billion in 2002, with real estate loans accounting for the lion's share of the growth, according to Federal Reserve Governor Mark W. Olson.
REALTORS ® have generated thousands of letters to Congress and federal banking regulators declaring their opposition to big banks» entering the real estate business.