An inheritance tax is a tax levied on certain beneficiaries who receive money or property from a deceased person. An inheritance tax is different from an estate tax, which is deducted from the value of a deceased person’s estate before the inheritance is distributed among the beneficiaries. As of 2018, the United States did not have a nationwide inheritance tax, although it did have an estate tax. The federal estate tax was only imposed on estates worth more than $11.18 million, meaning it... więcej
Salem Press Encyclopedia, 2021. 2p.