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

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

From MarketWatch

“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

Barron’s: The estate tax was largely successful in moderating wealth inequality for much of the 20th century.

From Barron's

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