Difference between revisions of "Estate tax"
Jump to navigation
Jump to search
(add details) |
|||
| Line 1: | Line 1: | ||
An '''estate tax''' is generally a [[tax]] on the privilege of transferring [[property]] to others after a person's death. In addition to federal estate taxes, many states have their own estate taxes. It sometimes called a ''death tax''. | An '''estate tax''' is generally a [[tax]] on the privilege of transferring [[property]] to others after a person's death. In addition to federal estate taxes, many states have their own estate taxes. It sometimes called a ''death tax''. | ||
| + | |||
| + | The Federal and state governments both levy estate taxes in the U.S. The federal tax is scheduled to expire in 2010. | ||
[[Category:Legal Terms]] | [[Category:Legal Terms]] | ||
| + | [[Category:Taxation]] | ||
Revision as of 16:16, January 13, 2009
An estate tax is generally a tax on the privilege of transferring property to others after a person's death. In addition to federal estate taxes, many states have their own estate taxes. It sometimes called a death tax.
The Federal and state governments both levy estate taxes in the U.S. The federal tax is scheduled to expire in 2010.