Definitions for estate tax in the united states
es·tate tax in the unit·ed states

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1. Estate tax in the United States

   The estate tax in the United States is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers that are subject to the tax can include those made through a trust and the payment of certain life insurance benefits or financial accounts. The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to this federal estate tax, many states have enacted similar taxes. These taxes may be termed "inheritance taxes" to the extent the tax is payable by a person who inherits money or property of a person who has died, as opposed to an estate tax, which is a levy on the estate (money and property) of a person who has died. The estate tax is often the subject of political debate, and opponents call it the "death tax". Some supporters of the tax have called it the "Paris Hilton tax".If an asset is left to a spouse or a federally recognized charity, the tax usually does not apply. In addition, a maximum amount, varying year by year, can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes: $5,340,000 for estates of persons dying in 2014 and 2015, $5,450,000 (effectively $10.90 million per married couple, assuming the deceased spouse did not leave assets to the surviving spouse) for estates of persons dying in 2016. Because of these exemptions, it is estimated that the largest 0.2% of estates in the U.S. will pay the tax. For 2017, the exemption increased to $5.49 million. In 2018, the exemption doubled to $11.18 million per taxpayer due to the Tax Cuts and Jobs Act of 2017. As a result, about 3,200 estates were effected by this 2018 increase and were not liable for federal estate tax.

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1. Estate tax in the United States

   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, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries. The estate tax is one part of the Unified Gift and Estate Tax system in the United States. The other part of the system, the gift tax, imposes a tax on transfers of property during a person's life; the gift tax prevents avoidance of the estate tax should a person want to give away his/her estate. 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. Opponents of the estate tax call it the "death tax". If an asset is left to a spouse or a Federally recognized charity, the tax usually does not apply. In addition, up to $5,250,000 can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes.

How to pronounce estate tax in the united states?

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Numerology

1. Chaldean Numerology

   The numerical value of estate tax in the united states in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of estate tax in the united states in Pythagorean Numerology is: 4

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Estate_Tax_in_the_United_States
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=estate tax in the united states