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What is another word for estate tax?

Pronunciation: [ɪstˈe͡ɪt tˈaks] (IPA)

Estate tax is a tax imposed on the transfer of a person's property after their death. This tax has been the subject of much debate and criticism for several years. There are several synonyms that can be used for estate tax, which include death tax, inheritance tax, and estate duty. These terms are used interchangeably to describe the same tax. The primary purpose of an estate tax is to generate revenue for the government. In addition to generating revenue, estate tax has also been used as an inheritance equalizer to prevent the concentration of wealth in the hands of a few. Regardless of the term used, the primary goal of the estate tax remains the same.
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Synonyms for Estate tax:

What are the hypernyms for Estate tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Estate tax

  • I support exemptions from the estate tax to ensure that when Maine farm owners die, their families will be able to continue to farm the land that they have protected and lived on, often for generations.
    Tom Allen
  • The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.
    Mike Fitzpatrick
  • It is no secret that our tax code is drastically outdated and burdensome to all Americans. Fortunately, more and more people are aware daily of the inequities that arise from things such as the estate tax, and it has come to the forefront of Congress' agenda.
    Jeff Miller
  • I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.
    Paul Ryan
  • All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.
    Anthony D. Weiner

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