inheritance tax

noun

a tax levied on the right of an heir to receive a decedent's property, the rate being a percentage of the value of the property.

IRS Inheritance Tax Laws tax.laws.com/inheritance-tax State and IRS inheritance tax laws Guide to inheritance tax laws.

Also called death tax; British, death duty.

Compare estate tax.

Origin:
1835–45

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.

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World English Dictionary

inheritance tax

—n
1.	(in Britain) a tax introduced in 1986 to replace capital transfer tax, consisting of a percentage levied on that part of an inheritance exceeding a specified allowance, and scaled charges on gifts made within seven years of death
2.	(in the US) a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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"The decision of the Supreme Court in the income taxes cases deprived the National Government of a power which, by reasons of previous decisions of the court, it was generally supposed that Government had. It is undoubtedly a power the National Government ought to have.... I therefore recommend to the Congress that both Houses, by a two-thirds vote, shall propose an amendment to the Constitution conferring the power to levy an income tax upon the National Government without apportionment among the States in proportion to population ... and second, the enactment, as part of the pending revenue measure, either as a substitute for, or in addition to, the inheritance tax, an excise tax upon all corporations, measured by 2 percent of their net income."

-William Howard Taft