estate tax (Meaning)

Wordnet

estate tax (n)

a tax on the estate of the deceased person

The estate tax is a tax levied on the transfer of property from a deceased person to their heirs.
Estate taxes are typically assessed on the value of the estate, not the beneficiaries' individual assets.
In the United States, the estate tax is a federal tax imposed on the value of an estate that exceeds a certain threshold.
The estate tax is intended to ensure a fair distribution of assets among heirs and to prevent the concentration of wealth in a few families.
The estate tax has been a subject of debate, with some arguing that it is an unfair burden on wealthy individuals and their families.
Supporters of the estate tax believe that it is a necessary tool to prevent the accumulation of excessive wealth and promote social mobility.
Opponents of the estate tax argue that it discourages investment and incentivizes wealthy individuals to move their assets offshore.
The estate tax laws vary from country to country, with some countries exempting small estates from taxation.
In some countries, the estate tax rate is progressive, meaning that the tax rate increases as the value of the estate increases.
In some countries, the estate tax is a flat tax, meaning that the tax rate is the same regardless of the value of the estate.

a tax on the estate of the deceased person

inheritance tax, income tax, death tax, flat tax, property tax, personal tax,poll tax, sales tax, surtax, withholding tax

No antonyms found.

The estate tax is a tax levied on the transfer of property from a deceased person to their heirs.

Estate taxes are typically assessed on the value of the estate, not the beneficiaries' individual assets.

In the United States, the estate tax is a federal tax imposed on the value of an estate that exceeds a certain threshold.

The estate tax is intended to ensure a fair distribution of assets among heirs and to prevent the concentration of wealth in a few families.