inheritance tax
4
4.3
- noun
- /ɪnˈhɛrɪtəns tæks/
:
impuesto sobre sucesiones
- Inheritance taxes are very high.
- pay the inheritance tax
- eliminate the inheritance tax
- inheritance tax rate
Examples
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You'll have to pay inheritance tax.
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When my grandparents died, he got that 320 acres, plus a $175,000 inheritance tax bill that forced him to sell off 100 of it.
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At the current value of his estate, the inheritance tax will be at least six million dollars.
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And of course the inheritance tax has almost nothing to do with the income tax code as a whole.
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I'm certainly in favor of keeping the inheritance tax, for instance, and have been all along.
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Some pay income taxes, estate or inheritance taxes, specific duties, or excise taxes.
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More than 10 times as many estates would be hit by the inheritance tax, according to TPC, a joint venture of the Urban Institute and the Brookings Institution.
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Windsor, an 83-year-old lesbian, found herself with a six-figure inheritance tax debt after her wife died because the U.S. federal government wouldn't recognize their Canadian marriage.
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Edith Windsor, the 83-year-old New York widow who received a $363,000 inheritance tax bill for her wife's half of their joint home and property, absolutely cares.
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Some states impose a separate inheritance tax on the assets inherited from a deceased person.
Synonyms
29
4.8
A tax on someone's money and property when they die before their family gets it
8
5.9
A government charge on property given to people after someone dies
1
6.3
A charge you pay when property goes from one person to another
A tax paid to the government on things a person owned when they died
How High
Surface Forms
Morphology
The meaning 'a tax on assets inherited from a deceased person' is directly and compositionally derived from 'inheritance' (what is received from a deceased person) + 'tax' (a mandatory government charge), following a regular noun+noun compound pattern. This is a common cross-linguistic concept (many languages have an equivalent term), so a B1 learner who knows both constituent words will readily infer the MWE meaning.
Etymology
The term inheritance tax comes from the simple idea of charging a tax on what you inherit after someone dies. Imagine the government taking a small part of the money or property that is passed down, so it means 'a tax on money or property you get from someone who has died'.