Death Tax (Noun)
Meaning
A tax on the estate of the deceased person.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The wealthy businessman complained about the high death tax his family had to pay after he passed away.
- The lawyer specialized in estate planning to help clients minimize the impact of the death tax on their heirs.
- Critics argue that the death tax disproportionately affects small business owners and farmers who are asset-rich but cash-poor.
- The politician campaigned on a platform of repealing the death tax, which she characterized as an unfair burden on grieving families.
- The current death tax rate is 40% for estates valued over a certain amount, a source of controversy among lawmakers and taxpayers.