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Death Tax
(redirected from death taxes)

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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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Alternatively, Congress could allow an adjustment to basis for state death taxes under Sec.
Nine out of 10 families whose businesses failed within three years of the owner's death cited the death taxes as a key factor.
Even if the federal estate tax is repealed, the largest estates in states that maintain the prior pickup-tax levels will continue to pay state death taxes at a 16% marginal rate," Kurlowicz said.
 
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