death tax


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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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death tax

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
A final determination does not include a determination of the portion of the state death tax credit that is due to another state.
Yet, such levies also hurt small-business owners and their ability to create and sustain jobs; those that inherit, not infrequently, find themselves obliged to liquidate their assets in order to pay death taxes.
Before the May 6 vote, the Tories launched a poster of a gravestone claiming Labour wanted to impose a pounds 20,000 death tax on everyone.
Why then should the government demand that many of these families pay Death Taxes at confiscatory rates for assets that were already taxed when they were earned?
Prime Minister Gordon Brown has so far repeatedly refused to rule out a pounds 20,000 "death tax" to pay for his uncosted social care plans.
"They plan a death tax in private but put up a smokescreen in public."
Many states enacted a "pick-up" death tax that aligned with the federal credit.
Prior to the Economic and Tax Relief Act of 2001 (EGTRRA), the majority of states imposed a state death tax that was equal in amount to the allowable state death tax credit under federal law (known as a pick-up or sponge tax).
In Don't Think of an Elephant: Know Your Values and Frame the Debate--The Essential Guide for Progressives, linguistics professor George Lakoff rails against the wiles of the Republican party in framing issues like the inheritance tax as the "death tax," and "liberals" as a derogatory term.
Re-imposing the "death tax," an apt name for the levy even if it was cooked up by political mercenaries, would deal yet another blow to the newspaper industry at an especially vulnerable time.
THE DISCUSSION of the estate tax--or as some have labeled it the "death tax"--stirs up strong feelings, especially in our business.