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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
And in the United States, the estate tax has been gutted by tax cuts and strategies to dodge it. Tami Luhby, CNN, 19 Jan. 2025 That includes estate tax cuts and individual income tax cuts. Nerdwallet, The Mercury News, 15 Jan. 2025 Some of the expiring TCJA provisions include lower federal income tax brackets, bigger standard deductions, a more generous child tax credit, higher gift and estate tax exemptions and a 20% tax break for pass-through businesses, among others. Kate Dore, Cfp®, CNBC, 12 Sep. 2024 Individuals can use 529 plans to reduce estate tax liability, maximize contributions through superfunding and provide allowances through rollovers to Roth IRAs, all leading to significant tax savings. Robert Cole, Forbes, 9 Jan. 2025 See all Example Sentences for estate tax 

Word History

First Known Use

1928, in the meaning defined above

Time Traveler
The first known use of estate tax was in 1928

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 27 Jan. 2025.

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 tax

More from Merriam-Webster on estate tax

Last Updated: - Updated example sentences
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