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Simple English definitions for legal terms

legacy duty

Read a random definition: Monroe Doctrine

A quick definition of legacy duty:

Legacy duty is a type of tax that the government charges on things that are passed down to someone after a person dies. Taxes are charges that the government collects from people, businesses, or things to get money for public needs. Taxes can be paid in different ways, not just with money. For example, admission tax is a tax that you pay when you go to a special event. Accrued tax is a tax that you owe but haven't paid yet. Accumulated-earnings tax is a penalty tax that a company has to pay if it keeps its profits instead of giving them to shareholders as dividends.

A more thorough explanation:

Legacy duty is a type of tax that is imposed by the government on the property or assets that are inherited by someone after the death of the original owner. It is also known as legacy tax.

For example, if a person inherits a house or a sum of money from their deceased relative, they may have to pay a legacy duty on the value of the property or money they received.

Legacy duty is a form of taxation that is designed to generate public revenue for the government. It is one of the many types of taxes that the government imposes on individuals, entities, transactions, or property to generate revenue.

Other examples of taxes include income tax, sales tax, property tax, and excise tax. These taxes are all designed to generate revenue for the government and are imposed on different types of transactions or property.

legable | legacy tax

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19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
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