The Asian Exclusion Act, part of the Immigration Act of 1924, restricted Asian immigration and naturalization, and was repealed in 1943 with the Magnuson Act. The roots of the act lie in the China Exclusion Act of 1882, and discrimination against Asians continued despite legal restrictions. The act has been criticized and condemned, but is […]
The exclusionary rule protects defendants and civil liberties by excluding illegally obtained evidence. It is based on the Fourth Amendment and can be challenged through a motion. It can be controversial but also prevents law officials from violating citizens’ rights. There are exceptions to the rule, such as when evidence is in plain sight or […]
The Pauli exclusion principle states that every electron in an atom must have unique quantum numbers. Quantum numbers indicate the subshell, size, placement, energy level, and spin of each electron. This principle is important in explaining the bonding of atoms and has applications in chemistry and quantum mechanics. With applications in chemistry and quantum mechanics, […]
The exclusion index is the portion of an annuity return that is not taxed because it is meant to replace the initial investment. It is calculated by dividing the amount paid for the annuity by the anticipated return. Once the initial investment is recouped, all returns become taxable. Annuity investors often have to pay taxes […]
Annual exclusion allows individuals to gift assets up to $10,000 without paying federal gift tax, but there are regulations to follow. Recipients can’t receive more than $10,000, and gifts must be given freely with no conditions attached. The giver must confirm the gift was given freely, and the exclusion must be claimed in the tax […]
US taxpayers can give up to $13,000 tax-free in gifts each year, with couples able to give up to $26,000. Charitable gifts and donations to a spouse are exempt, while the unified credit exempts the first $1m in gifts during a person’s lifetime or at death. The gift tax exclusion is often used as an […]
Annual exclusion allows individuals to gift up to $10,000 without incurring gift tax. The gift must be freely given, without conditions, and of current interest. Donors must confirm the gift was given freely. The exclusion must be requested for the tax year in which the donation was filed. An annual exclusion is a type of […]
The annual gift tax exclusion allows American taxpayers to give up to $13,000 USD per year to any person without being subject to gift tax. Charitable donations and gifts between spouses are also excluded. The Unified Credit exempts the first $1 million USD in gifts during a person’s lifetime or upon their death. Gift tax […]
