The estate tax in the United States is a tax imposed on the transfer of the ""taxable estate"" of a deceased person, whether such property is transferred via a will or according to the state laws of intestacy. In addition to the federal government, many states also impose an estate tax, with the state version called either an estate tax or an inheritance tax. Since the 1990s, the term ""death tax"" has been widely used by those who want to eliminate the estate tax.

see more on Wikipedia

Please, Login or Register to leave a comment.