The Right to Intangible Property Is Known as

question 16

Multiple Choice

The right to intangible property is known as

• A)intangible property right.
• B)equitable assignment of property.
• C)a chose in action.
• D)a chose of property.
• E)a chose in possession.

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Definitions:

Governs Least

A principle often associated with libertarianism, suggesting that the best government is one that governs the least, emphasizing minimal state intervention in personal and economic matters.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that is taken as tax.

Average Tax Rate

The proportion of total income that an individual or corporation pays in taxes, calculated by dividing the total taxes paid by total income.

Marginal Federal Income Tax

The rate at which the last dollar of a taxpayer's income is taxed by the federal government.