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Death Tax

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
death tax

Death Tax
An informal, pejorative term for the estate tax and the inheritance tax. The term is most commonly used by politicians and pundits who favor the abolition of one or both taxes.


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estate tax purposes, it also provides a foreign death tax credit for the Canadian income tax assessed on the deemed sale at death of assets located in Canada; see Treaty Article XXIX B.
THE death tax, estate tax or a fee on inherited wealth -- whatever you call it -- would be abolished if the House of Representatives' values prevail.
A phase-out of the death tax was passed in 2001; it is supposed to disappear completely in 2010.
 
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