estate tax

noun

Definition of estate tax

: 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 sense 1

Examples of estate tax in a Sentence

Recent Examples on the Web In particular, her organization had been pushing for changes to the Massachusetts estate tax, which kicks in at $1 million in estate value, less than the value of a typical three-bedroom home in many Massachusetts communities. — Jon Chesto, BostonGlobe.com, 1 Aug. 2022 The purchase of life insurance within a captive 831(b) plan is questionable for two reasons: 1) lack of insurable interest and 2) estate tax avoidance. — Van Carlson, Forbes, 14 Apr. 2022 Earned Income Tax Credit, increase the threshold on the state’s estate tax, and increase the state’s child and dependent tax credit. — Globe Staff, BostonGlobe.com, 14 July 2022 The estate tax and planning landscape today is very different than a few years ago. — Andrew Lerner, Forbes, 11 July 2022 At the federal level, estates over $12.06 million may be subject to the estate tax. — Forbes, 17 June 2022 Consider the current state estate tax in Massachusetts. — Ashlea Ebeling, Forbes, 13 May 2022 During negotiations, aides to Mr. Cuomo have rejected proposals to increase the estate tax or levy a new surcharge on capital gains, the people said. — Jimmy Vielkind, WSJ, 29 Mar. 2021 The Smiths’ might even believe that their life insurance coverage of $1-2 million each has needn’t be in trust since even with those insurance amounts their estate should not face an estate tax. — Martin Shenkman, Forbes, 7 June 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'estate tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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estates general

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estating

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Last Updated

7 Aug 2022

Cite this Entry

“Estate tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/estate%20tax. Accessed 18 Aug. 2022.

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More Definitions for estate tax

estate tax

noun

Legal Definition of estate tax

: 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