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estate tax

noun
1.
a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.
Also called death tax.
Origin
1905-1910
1905-10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for estate tax
  • Real estate tax on the first two properties can be deducted from personal income tax.
  • As the estate tax fades away, they may not need to reposition themselves as much for retirement.
  • Yet from an estate tax perspective, putting some portion of the firm into a trust for heirs makes sense.
  • Forget they and the diminished estate tax used to collect almost half the nation's revenue.
  • The unified credit applies to both the gift tax and the estate tax and it equals the tax on the applicable exclusion amount.

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