estate tax
29
4.8
- noun
- /ɪˈsteɪt tæks/
- Specialized
:
impuesto sobre el patrimonio
- In some countries, the estate tax is calculated based on the total value of the deceased's assets.
- estate tax exemption
- estate tax exemption amount
And sometimes you might hear of the the death tax or the estate tax.
- And sometimes you might hear of the the death tax or the estate tax.
- The government taxes savers when they earn, save, spend and pass on their their money through income tax, capital gains tax, sales tax, and estate taxes.
- And every so often he sends out this thing about the nastiness of the estate, the estate taxes.
Examples
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We are going to protect thousands of family businesses by ending the crushing, horrible and unfair estate tax, sometimes known as the death tax.
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New York, for example, has a state estate tax exemption of $1 million; in New Jersey, the exemption is only $675,000.
Academic text (2004) -
This is why the estate tax is called the death tax.
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For example, we talked earlier about the estate tax in in the US.
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The first thing that should happen is that there should be a 100% estate tax.
Blog text (10) -
I hear the same question raised about the estate tax, and it doesn't make any sense to me.
Blog text (11) -
Uncertainty regarding the repeal of the estate tax is not the only area creating planning difficulties.
Academic text (2003) -
The Bush administration sharply reduced taxes on investment gains, stock dividends, and eliminated the estate tax.
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When a person dies, their heirs must pay the estate tax before they can inherit the property.
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The government uses the revenue from the estate tax to fund public services after a person passes away.
Synonyms
8
5.9
A government charge on property given to people after someone dies
4
4.3
A tax on money or property you receive when someone dies
A tax paid to the government on things a person owned when they died
Surface Forms
Morphology
The meaning is directly and transparently derived from combining 'estate' (a person's assets at death) with 'tax' (a government charge) — i.e., a tax on the deceased person's estate. This is a common noun–noun compound pattern found across languages, so a B1 learner who knows both constituents will readily infer the MWE's meaning.
Etymology
The noun estate tax comes from the simple image of money taken from a person's property when they die. An estate is everything someone owned and a tax is money the government takes, so estate tax means a tax on that property 'after someone dies' and before it is given to the 'people who inherit'.