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estate tax

noun

Simple Definition of estate tax

  • : a tax that you pay on the money and other property that comes to you because someone has died : a tax on an estate that you inherit

Source: Merriam-Webster's Learner's Dictionary

Full Definition of estate tax

  1. :  a tax in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death — compare inheritance tax 1

1928

First Known Use of estate tax

1928


Law Dictionary

estate tax

noun

Legal Definition of estate tax

  1. :  an excise in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death —called also succession tax — see also unified transfer tax — compare gift tax, inheritance tax




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