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

On the other hand, a 2019 study found billionaires tended to move out of states with estate taxes, and especially as they aged.

From MarketWatch

On the other hand, a 2019 study found billionaires tended to move out of states with estate taxes, and especially as they aged.

From MarketWatch

The gift tax applies to the wealth transfer over your lifetime and is paid by the donor; an estate tax is levied on the estate of the deceased.

From MarketWatch

He argued that the estate tax took away his right to pass his Christmas tree farm to his children.

From Salon

Much of that is in trusts aimed at allowing people to pass assets down to their heirs while minimizing estate taxes.

From The Wall Street Journal

Related Words

• death tax
• inheritance tax