estate tax

American  

noun

1. a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.

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Etymology

Origin of estate tax

First recorded in 1905–10

Example Sentences

“Wealth-manager advice delves deeply into estate taxes, income taxes, generational planning/trusts, and charitable planning in addition to traditional investment planning,” says the Cooke Financial Group.

From MarketWatch

Since Congress created the income and estate taxes, inequality in the U.S. has grown dramatically External link.

From Barron's

In fact, retaining the estate tax is actually harmful given it sends the message that the wealthy are heavily taxed, when they are not.

From MarketWatch

And these buildings are contributing enormously, hundreds of millions of dollars in real estate taxes, employment taxes.

From The Wall Street Journal

A third measure would bar Texas from imposing an estate tax.

From The Wall Street Journal

Related Words

• death tax
• inheritance tax