estate tax

listen to the pronunciation of estate tax
İngilizce - Türkçe
İngilizce - İngilizce
A tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased
A tax imposed on a decedent's estate as such and not on the distributive shares of the estate or on the right to receive the shares; to be distinguished from an inheritance tax
A transfer tax imposed on the value of property left at death; often called an inheritance tax or death tax
When a person dies, all of the property and assets they leave behind are called an estate The estate is evaluated and taxed before it is transferred to the dead person's heirs If a person died in 2001, with no assets except a piece of land valued at $1 million, the estate could owe $178,750 in taxes
A tax imposed upon the disposition of assets at one's death There are federal, and in some cases, state credits which exempt a portion of a decedent's assets from estate taxes Federal estate taxes are a graduated tax that range from 37% to 55% Executor A person designated to carry out a decedent's wishes for the administration and distribution of assets as documented under a will
a tax on the estate of the deceased person
A tax imposed against the value of an estate's property and property rights owned at death
A tax imposed by the federal government and various states, on the transfer of property upon death
A federal tax on the transfer of assets owned by the estate of a person who has died (The tax is paid out of the estate assets, not by the recipients of the transfers)
A tax based on the fair market value of the decedent's property at death, less his or her liabilities Estate tax law is very complex and should be handled by a professional advisor
On the death of a taxpayer, a tax may be due on the transfer of wealth to family and others Exclusions are provided for transfers to the taxpayer's spouse, charities, and so forth The tax rate for the estate tax can reach as high as 55 percent A once-in-a-lifetime credit is permitted, which enables you to pass property worth up to $600,000 (and gradually up to $1,000,000 by the year 2006) to others without having to pay an estate tax This figure is being increases in increments to $1,000,000
A tax imposed on the right of a person to transfer property at death This is a federal tax, but can also be imposed as a state tax and is paid out of the estate's assets
tax on the value of the estate you leave upon your death In 2002, estates valued over $1,000,000 are subject to the federal estate tax
A tax against the property of a deceased, based on the value of the estate
A tax placed on the net value of a decedent's estate at the time of death; the tax rate increases as the size of the estate increases Both the State of Nebraska and the federal government are legally authorized to assess and collect taxes on estates
A tax based on the value of property left by the deceased
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. a tax in the US on the money and possessions of a dead person inheritance tax. Levy on the value of property changing hands at the death of the owner, fixed mainly by reference to its total value. Estate tax is generally applied only to estates whose value exceeds a set amount, and it is applied at graduated rates. An estate tax was first instituted in the U.S. in 1898 to help finance the Spanish-American War; it was repealed in 1902 but permanently reimposed in 1916, initially to help finance mobilization for World War I. Methods of avoiding estate tax (e.g., gifts and trust funds) were largely foiled by the U.S. Tax Reform Act of 1976
A tax imposed on the transfer of property from a decedent to his or her heirs, legatees or devisees
The tax paid on a deceased person's property and possessions When a person dies leaving property (for example, a house, jewelry, money, stocks, or bonds) the Federal government and the State of Ohio tax the value of that property
tax imposed on the assets of a dead person according to the value of the estate
An estate tax is a state or federal tax imposed at the decedent's death upon the decedent's property
A tax imposed by the federal government and some state governments on the transfer of assets to heirs
Tax on the value of a DECENDENT'S taxable estate, typically defined as the decedent's ASSETS less LIABILITIES and certain expenses which may include funeral and administrative expenses
A tax imposed by federal and state agencies on the net value of a deceased's estate in excess of $600,000
A tax imposed on decedents' estates The most common estate tax is the federal estate tax (unified transfer tax) collected by the IRS Topic areas: Fundraising and Financial Sustainability
Generally, a tax on the privilege of transferring property to others after a person's death In addition to federal estate taxes, many states have their own estate taxes
A government levy against the property in the estate of a deceased person, payable out of the estate
Tax imposed by U S government and most states on the transfer of property from a decedent to his or her heirs or beneficiaries The estate tax is levied on and measured by the size of the decedent's estate, rather than on the amount received by any particular beneficiary
(Also called inheritance tax or death tax ) Estate tax is a tax paid on the transfer of assets at a person's death At the present time, an individual pays estate tax if their equity in assets exceed $675,000 Over a number of years, that amount will eventually reach $1,000,000 per person A married couple may now have $1,350,000 of assets that may be passed through to their family or other individuals if their estates are set up properly
estate tax