from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A tax imposed on the right to transfer property by inheritance and assessed on the net value of a decedent's estate before distribution to the heirs. Also called death tax.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a tax on the estate of the deceased person
Sorry, no etymologies found.
Farm groups come to visit my office, insisting that the estate tax will mean the end of the family farm, despite the Farm Bureau’s inability to point to a single farm in the country lost as a result of the “death tax.”
Gangsters Robert Johnson and Harry Allan set me straight: an estate tax (federal or state) is imposed on the net value of the deceased person’s property; an inheritance tax (nonfederal, some states) is levied on the heir who receives that property.
On death and taxes: In examining dysphemisms, I wrote: When did the inheritance tax (a pro-taxing term) become the estate tax (a neutral term)?
When did the inheritance tax (a pro-taxing term) become the estate tax (a neutral term)?