death taxes (Meaning)
death taxes
a tax arising on the transmission of property after the owner's death, a tax assessed on the transfer of property (as an estate, inheritance, legacy, or succession) after the transferor's death compare estate tax, generation-skipping transfer tax, gift tax, estate tax
Synonyms & Antonyms of death taxes
Synonyms:
death taxes Sentence Examples
- Estate taxes, commonly known as death taxes, impose a levy on the value of an estate upon the death of its owner.
- Death taxes have been a controversial topic, with proponents arguing for their redistributive effects.
- Detractors of death taxes criticize their potential disincentive for wealth accumulation.
- The federal government collects death taxes on estates exceeding a certain threshold amount.
- Some states also impose death taxes in addition to the federal levy.
- Calculating death taxes can be complex, involving the valuation of assets and the application of tax rates.
- Proper planning can help minimize the impact of death taxes on an estate.
- Death taxes can have implications for business succession and intergenerational wealth transfer.
- The debate over death taxes often revolves around the balance between fairness and economic growth.
- Death taxes are a significant consideration for individuals with substantial wealth and their estate planning strategies.
FAQs About the word death taxes
a tax arising on the transmission of property after the owner's death, a tax assessed on the transfer of property (as an estate, inheritance, legacy, or success
inheritance taxes, estate taxes, income taxes, surtaxes, supertaxes, poll taxes, sin taxes, sales taxes, hidden taxes,property taxes
No antonyms found.
Estate taxes, commonly known as death taxes, impose a levy on the value of an estate upon the death of its owner.
Death taxes have been a controversial topic, with proponents arguing for their redistributive effects.
Detractors of death taxes criticize their potential disincentive for wealth accumulation.
The federal government collects death taxes on estates exceeding a certain threshold amount.
