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Death Tax |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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