Death Taxes

AAA

DEFINITION of 'Death Taxes'

Taxes imposed by the federal and/or state government on someone's estate upon their death. These taxes are levied on the beneficiary that receives the property in the deceased's will; the tax amount is based on the property's value at the time of the owner's death. Also called death duties or inheritance tax.

INVESTOPEDIA EXPLAINS 'Death Taxes'

The term was first coined in the 1990s to describe estate and inheritance taxes by those who want such taxes eliminated.

RELATED TERMS
  1. Estate Tax

    A tax levied on an heir's inherited portion of an estate if the ...
  2. Will

    A legally enforceable declaration of how a person wishes his ...
  3. Inheritance

    All or part of a person's estate/assets that is given to an heir ...
  4. Taxes

    An involuntary fee levied on corporations or individuals that ...
  5. Power Of Attorney

    A legal document giving one person (called an "agent" or "attorney-in-fact") ...
  6. Guardian

    An individual who has been given the legal responsibility to ...
Related Articles
  1. Top 7 Estate Planning Mistakes
    Retirement

    Top 7 Estate Planning Mistakes

  2. Estate Planning Must-Haves For Unmarried ...
    Retirement

    Estate Planning Must-Haves For Unmarried ...

  3. Deducting Your Donations
    Taxes

    Deducting Your Donations

  4. 6 Ways To Lose Your Estate
    Retirement

    6 Ways To Lose Your Estate

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center