What is another word for death tax?

74 synonyms found


[ dˈɛθ tˈaks], [ dˈɛθ tˈaks], [ d_ˈɛ_θ t_ˈa_k_s]

The term "death tax" is often used to refer to the estate tax, which is a tax levied on the transfer of property after someone passes away. However, there are other synonyms for this term that are frequently used in discussions surrounding estate planning and tax laws. Some people refer to this tax as the "inheritance tax," as it is levied on the inheritance received by heirs after a person's death. Another commonly used term for the death tax is the "estate tax," which refers to the taxes levied on an individual's estate. Regardless of the terminology used, there is no denying that estate planning and tax laws can be complex and confusing topics.

How to use "Death tax" in context?

The death tax is a federal tax on the estates of individuals who died in the previous year. The tax is imposed at a rate of 40%. Estate tax rates vary by state, with the highest rates applying to estates exceeding $5 million. The death tax is designed to raise money to fund government activities, including programs to support the welfare of veterans and the elderly.

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