If you inherited $3,000,000 you would probably pay about $800,000 in taxes to both the Federal government and Arkansas.
Taxation in the United States
A federation (Latin: foedus, foederis, 'covenant'), also known as a federal state, is a political entity characterized by a union of partially self-governing states or regions under a central (federal) government. In a federation, the self-governing status of the component states, as well as the division of power between them and the central government, are typically constitutionally entrenched and may not be altered by a unilateral decision of either party, the states or the federal political body.
The governmental or constitutional structure found in a federation is known as federalism. It can be considered the opposite of another system, the unitary state. Germany with sixteen Länder is an example of a federation, whereas neighboring Austria and its Bundesländer was a unitary state with administrative divisions that became federated, and neighboring France by contrast has always been unitary.
The United States of America is a federal republic with autonomous state and local governments. Taxes are imposed in the United States at each of these levels. These include taxes on income, payroll, property, sales, imports, estates and gifts, as well as various fees. In 2010 taxes collected by federal, state and municipal governments amounted to 24.8% of GDP. In the OECD, only Chile and Mexico taxed less as a share of GDP. The United States also has one of the most progressive tax systems in the industrialized world.
Taxes are imposed on net income of individuals and corporations by the federal, most state, and some local governments. Citizens and residents are taxed on worldwide income and allowed a credit for foreign taxes. Income subject to tax is determined under tax accounting rules, not financial accounting principles, and includes almost all income from whatever source. Most business expenses reduce taxable income, though limits apply to a few expenses. Individuals are permitted to reduce taxable income by personal allowances and certain nonbusiness expenses, including home mortgage interest, state and local taxes, charitable contributions, and medical and certain other expenses incurred above certain percentages of income. State rules for determining taxable income often differ from federal rules. Federal tax rates vary from 10% to 39.6% of taxable income. State and local tax rates vary widely by jurisdiction, from 0% to 13.30%, and many are graduated. State taxes are generally treated as a deductible expense for federal tax computation. In 2013, the top marginal tax rate for a high-income California resident would be 52.9%. Certain alternative taxes may apply.
Arkansas Highway System
Michael Dale "Mike" Huckabee (born August 24, 1955) is an American politician who served as the 44th Governor of Arkansas (1996–2007). He was a candidate in the 2008 United States Republican presidential primaries, finishing second in delegate count and third in both popular vote and number of states won (behind both John McCain and Mitt Romney). He won the Iowa Republican caucuses. Huckabee exited the race as McCain became the presumptive Republican nominee after winning the delegate-rich winner-take-all states of Florida, California, and New York.
Huckabee is the author of several best selling books, an ordained Southern Baptist minister, musician and a public speaker. He is also an ABC Radio political commentator.
Governorship of Mike Huckabee
The Arkansas Highway System is made up of all the highways designated as Interstates, U.S. Highways and State Highways in the US state of Arkansas. The system is maintained by the Arkansas State Highway and Transportation Department (AHTD). The system contains 16,442.90 miles (26,462.28 km) of Interstates, U.S. Routes, state highways, and bannered routes. The shortest members are unsigned state highways Arkansas Highway 806 and Arkansas Highway 885, both 0.09 miles (0.14 km) in length. The longest route is U.S. Route 67, which runs 296.95 miles (477.89 km) from Texarkana to the Missouri Bootheel.
Southern United States
Mike Huckabee served as the third Republican governor of Arkansas since Reconstruction from 1996 to 2007.
In 1996, incumbent Democratic governor Jim Guy Tucker was convicted of fraud. The Arkansas Constitution, like nearly all state constitutions in the United States, does not allow convicted felons to hold office, so Tucker was forced to resign. However, Tucker, insisting he had a strong case for appeal, rescinded his resignation as Huckabee was preparing to be sworn in on July 16. Within a few hours, Tucker reinstated his resignation after Huckabee threatened to initiate impeachment proceedings against Tucker. Huckabee was sworn in as Governor of Arkansas on July 15, 1996. In November 1998, Huckabee was elected to a full four-year term by defeating retired Colonel Gene McVay in the primary and Jonesboro attorney Bill Bristow in the general election, becoming the state's third elected Republican Governor since Reconstruction. In November 2002, Huckabee was reelected to his second four-year term by defeating State Treasurer Jimmie Lou Fisher, garnering 53 percent of the vote. By the end of his term, Huckabee owned the third-longest tenure of any Arkansas Governor. Only Democrats Orval Faubus, who served six consecutive two-year terms (1955–1967), and Bill Clinton, who served 11 years, 11 months (1979–1981; 1983–1992), had longer tenures.
Confederate States of America
The Southern United States—commonly referred to as the American South, Dixie, or simply the South—is an area comprising the southeastern and south-central United States. The region is known for its culture and history, having developed its own customs, musical styles and varied cuisines that have helped distinguish it in some ways from the rest of the United States. The Southern ethnic heritage is diverse and includes strong European (mostly English, Scotch-Irish and Scottish), African, and some Native American components. Several Southern states (Virginia, North Carolina, South Carolina, and Georgia) were English Colonies that sent delegates to sign the Declaration of Independence and then fought against the English along with the Northern Colonists during the Revolutionary War. The basis for much Southern culture derives from the pride in these states being among the 13 original colonies (and much of the population of the South had fore-fathers who emigrated west from these colonies). Manners and customs reflect the early population of the South's relationship with England as well as that of Africa and to some extent the native populations.
Some other aspects of the historical and cultural development of the South have been influenced by an early support for the doctrine of states' rights, the institution of slave labor on plantations in the Lower South; the presence of a large proportion of African Americans in the population; and the legacy of the Civil War and Reconstruction Era, as seen in thousands of lynchings (mostly from 1880 to 1930), the segregated system of separate schools and public facilities known as "Jim Crow", that lasted until the 1960s, and the widespread use of poll taxes and other methods to frequently deny blacks of the right to vote or hold office until the 1960s. In more modern times, however, the South has become the most integrated region of the country and race-relations on par with those elsewhere. Since the late 1960s blacks have held and currently hold many high offices, such as mayor and police chief, in many cities such as Atlanta and New Orleans.
The Confederate States of America (CSA), commonly referred to as the Confederate States (CS) or the Confederacy, was a government set up in 1861 by several slave states of the Lower South that had declared their secession from the United States following the November 1860 election of Abraham Lincoln. Seven states joined in February 1861 before Lincoln took office in March, and four of the Upper South were admitted after war began in April. The Confederacy later accepted two additional states as members (Missouri and Kentucky) although neither officially declared secession nor was ever controlled by Confederate forces.
The United States government (the Union) rejected secession and the Confederacy as illegal. The American Civil War began with the 1861 Confederate attack upon Fort Sumter, a fort in the Charleston, South Carolina, harbor, which was claimed by both sides. By 1865, after very heavy fighting, largely on Confederate soil, CSA forces were defeated and the Confederacy collapsed. No foreign nation officially recognized the Confederacy as an independent country, but several had granted belligerent status.
Health Medical Pharma
Health Medical Pharma
In journalism, a human interest story is a feature story that discusses a person or people in an emotional way. It presents people and their problems, concerns, or achievements in a way that brings about interest, sympathy or motivation in the reader or viewer.
Human interest stories may be "the story behind the story" about an event, organization, or otherwise faceless historical happening, such as about the life of an individual soldier during wartime, an interview with a survivor of a natural disaster, a random act of kindness or profile of someone known for a career achievement.