taxes

What is death tax?

 

What is death tax?

The Bankrate.com financial term of the day is: "death tax."

"Death tax" is slang for the federal estate tax; it's a term that was coined by detractors of the tax. They dismiss it as a tax on death and a sign of a tax system run amok. The tax is levied on property left by an owner who has died. Estates below a certain threshold are exempt from the estate tax.

Critics say the two fabled certainties of life -- death and taxes -- intersect in the federal estate tax, which they call the death tax.

For answers to all of your tax questions, visit the Taxes section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Best day to buy a car?

The best day to buy a car for the biggest savings is coming soon.  ... Read more


Connect with us