estate tax

Học thuật
Thân thiện
Definition
  1. Noun:
    • A tax on the estate of a deceased person: An "estate tax" is a government levy imposed on the total value of a person's money and property (their estate) at the time of their death, before it is distributed to their heirs.
Usage
  • The term "estate tax" is used to discuss financial obligations, inheritance law, and government policy. It is a formal, legal term.
  • It is typically used with verbs like , , , , , or .
  • It is often preceded by articles (, ) or possessive determiners (, ).
Examples
  • Noun:
    • The heirs had to pay a substantial estate tax before receiving their inheritance.
    • Lawyers advised her on strategies to minimize the estate tax burden.
    • There is a debate about raising the exemption threshold for the federal estate tax.
Advanced Usage

  • "Estate tax liability": The total amount of estate tax that is owed.

    • The executor calculated the estate tax liability for the probate court.

  • "Estate tax return": The official form filed with the government to report the value of the estate and calculate the tax due.

    • The accountant prepared the estate tax return meticulously.
Variants and Related Words
  • Inheritance tax (n): A related tax levied on the individuals who receive property from an estate, not on the estate itself. While often used interchangeably with "estate tax" in casual conversation, they are technically different in some legal systems.
  • Death duty (n): An older or British term for taxes imposed on property after death, encompassing estate and inheritance taxes.
Synonyms
  • Death tax (n): A common, often politically charged synonym for estate tax.
  • Succession duty (n): A less common term similar to inheritance tax.
Related Phrases

  • "Subject to estate tax": Describes an estate that meets the criteria for being taxed.

    • Only the portion of the estate above the federal exemption is subject to estate tax.

  • "Estate tax exemption": The amount of an estate's value that is not subject to tax.

    • He structured his will to take full advantage of the estate tax exemption.
Noun
  1. a tax on the estate of the deceased person

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