inheritance tax
noun
1
: a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors
2
: death tax
especially
: estate tax
Examples of inheritance tax in a Sentence
Recent Examples on the Web
Changes to wealth taxes, such as inheritance tax (IHT) and capital gains tax (CGT), and a revamp of pension rules look like the most fruitful sources.
—
The Week Uk, theweek, 29 June 2024
The best way to avoid the inheritance tax is to manage assets before death.
—Medora Lee, USA TODAY, 11 Apr. 2024
Corporate net income tax revenues grew dramatically (66%) and would have been more without rate reductions in recent years, as did inheritance tax revenues (56%), sales and use taxes (29%) and personal income taxes (26%).
—Anthony Hennen | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 2 July 2024
Maryland is the only state to impose both an estate tax and an inheritance tax.
—Medora Lee, USA TODAY, 11 Apr. 2024
See all Example Sentences for inheritance tax 
The Week Uk, theweek, 29 June 2024
The best way to avoid the inheritance tax is to manage assets before death.
—Medora Lee, USA TODAY, 11 Apr. 2024
Corporate net income tax revenues grew dramatically (66%) and would have been more without rate reductions in recent years, as did inheritance tax revenues (56%), sales and use taxes (29%) and personal income taxes (26%).
—Anthony Hennen | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 2 July 2024
Maryland is the only state to impose both an estate tax and an inheritance tax.
—Medora Lee, USA TODAY, 11 Apr. 2024
See all Example Sentences for inheritance tax
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'inheritance tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Inheritance tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inheritance%20tax. Accessed 27 Jul. 2024.
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