| Pronunciation: | in'heritns taks | ||
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| Definition: | [n] a tax on the estate of the deceased person | ||
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| Synonyms: | death duty, death tax, estate tax | ||
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| See Also: | transfer tax | ||
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| Definition: | A state tax on property that an heir or beneficiary under a will receives from a deceased person's estate. The heir or beneficiary pays this tax. | ||
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