estate

Examples of estate in the following topics:

• Individual Taxes

  • The U.S. federal, state and local governments levy taxes on individuals based on income, property, estate transfers, and/or sales transactions.
  • The estate tax is an excise tax levied on the right to pass property at death.
  • It is imposed on the estate, not the beneficiary.
  • The Federal estate tax is computed on the sum of taxable estate and taxable gifts, and is reduced by prior gift taxes paid.
  • Taxable values of estates and gifts are the fair market value.

• Team Selling

  • Team selling is sometimes used in real estate.
  • After the housing collapse, many real estate agents lost their jobs and thus team selling didn't make sense.
  • Some real estate firms use team selling to improve sales and increase customer loyalty.

• Introduction

  • Often real estate prices fit a normal distribution.

• Caste Systems

  • The three estates used in France before the French Revolution were a caste system based on birth and religious standing: the first estate consisted of clergy, the second of nobility, and the third of commoners.
  • These estates were endogamous and there was little mobility between them.
  • In parts of Europe, these closed social caste groups were called estates.
  • Along with the three or four estates recognized in various European countries, an additional group existed below the bottom layer of the hierarchical society.
  • Compare the caste system in ancient India with the estate system in feudal Europe

• Corporate Fraud

  • The U.S. economy rebounded from the strong, overly optimistic real estate market.Everyone forgot Enron's misdeeds until the 2007 Great Recession, when the scale of fraud became much larger.For example, Lehman Brothers used exotic securities such as credit default swaps and collateralized debt obligations to buy real estate (Discussed in Chapter 18).After the recession had struck, unemployment doubled, and many households started defaulting on theirmortgages.Commercial and investment banks stopped lending overnight, and real estate prices began tumbling.Unfortunately, Lehman Brothers went on a spending spree, buying real estate toward the peak of the housing bubble.It held $768 billion in bank and bond debt while it had $639 billion in assets that dropped rapidly as real estate prices fell.Lehman Brothers filed for bankruptcy in 2008 and had closed its doors after 158 years of business.

• The Federal Tax System

  • These include taxes on income, payroll, property, sales, imports, estates and gifts, as well as various fees.
  • The United States is the only country in the world that taxes its nonresident citizens on worldwide income or estate, in the same manner and rates as residents.
  • Similar to federal income taxes, federal estate and gift taxes are imposed on worldwide property of citizens and residents and allow a credit for foreign taxes.

• Operating Expenses, Non-Operating Expenses, and Net Income

  • In real estate, operating expenses comprise costs associated with the operation and maintenance of an income-producing property, including property management fees, real estate taxes, insurance, and utilities.

• Bohemian Period

  • The Bohemian Revolt (1618–1620) was an uprising of the Bohemian estates against the rule of the Habsburg dynasty, in particular Emperor Ferdinand II, which triggered the Thirty Years' War.
  • Immediately after the Defenestration, the Protestant estates and Catholic Habsburgs started gathering allies for war.
  • At the same time, the Bohemian estates deposed Ferdinand as King of Bohemia (Ferdinand remained Emperor, since the titles are separate) and replaced him with Frederick V, Elector Palatine, a leading Calvinist and son-in-law of the Protestant James VI and I, King of Scotland, England and Ireland.

• Introduction

  • There are statistics about crime, sports, education, politics, and real estate.

• Introduction

  • You may have no clue about the house prices, so you might ask your real estate agent to give you a sample data set of prices.