inheritance taxes Synonyms
inheritance taxes Meaning
inheritance taxes
a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors, death tax, an excise tax that is levied upon the privilege of receiving property as heir or next of kin under the law of intestacy and that is measured by the value of the property received compare estate tax, estate tax
inheritance taxes Sentence Examples
- The inheritance taxes imposed by the wealthy nation were designed to reduce the accumulation of wealth.
- The couple's extensive inheritance taxes would significantly deplete their children's inheritance.
- Upon her grandmother's passing, the young woman inherited a substantial amount of money, but was also burdened by hefty inheritance taxes.
- The proposed inheritance tax reform aimed to ease the financial burden on heirs and encourage wealth redistribution.
- The inheritance taxes collected by the government are used to fund essential public services and infrastructure projects.
- The wealthy family was able to avoid paying inheritance taxes by establishing a trust fund.
- The inheritance tax rate can vary significantly depending on the size of the inheritance and the relationship between the deceased and the heir.
- Some countries have abolished inheritance taxes altogether, believing they stifle economic growth.
- Lawmakers debated the fairness and effectiveness of inheritance taxes, seeking a balance between revenue generation and protecting inheritances.
- The inheritance taxes paid by the beneficiaries allowed the deceased's estate to fulfill their charitable bequests.
FAQs About the word inheritance taxes
a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors, death tax, an excise tax that is levied upon the privilege of
estate taxes,death taxes, income taxes, direct taxes, personal taxes, withholding taxes, proportional taxes,property taxes, surtaxes, sin taxes
No antonyms found.
The inheritance taxes imposed by the wealthy nation were designed to reduce the accumulation of wealth.
The couple's extensive inheritance taxes would significantly deplete their children's inheritance.
Upon her grandmother's passing, the young woman inherited a substantial amount of money, but was also burdened by hefty inheritance taxes.
The proposed inheritance tax reform aimed to ease the financial burden on heirs and encourage wealth redistribution.
