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estate tax
noun
: a tax in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death compare inheritance tax sense 1
Examples of estate tax in a Sentence
Recent Examples on the Web
Awareness of these potential obstacles is crucial for effective estate tax planning.
—Christine Fletcher, Forbes, 3 Dec. 2024
Both plans would repeal the estate tax, the alternative minimum tax, and the tax on investment income imposed by Obamacare.
—Alex Raskolnikov, Foreign Affairs, 24 May 2017
Keep in mind that over the years the assets are likely to increase in value while the estate tax exemption could decline.
—Bob Carlson, Forbes, 27 Nov. 2024
Estate Tax Revisions: Perhaps most important to estate planning attorneys is the discussion on the estate tax exemption (and corresponding gift tax exemption and generation-skipping transfer tax exemption).
—Darren T. Case, Forbes, 1 Nov. 2024
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Word History
First Known Use
1928, in the meaning defined above
Dictionary Entries Near estate tax
Cite this Entry
“Estate tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/estate%20tax. Accessed 25 Dec. 2024.
Legal Definition
estate tax
noun
: an excise in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death
called also succession tax
see also unified transfer tax compare gift tax, inheritance taxMore from Merriam-Webster on estate tax
Thesaurus: All synonyms and antonyms for estate tax
Britannica.com: Encyclopedia article about estate tax
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