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2007-04-29 23:10:46 · 8 answers · asked by Anonymous in Politics & Government Law & Ethics

8 answers

It is just another name for an "inheritance tax."

Inheritance tax, estate tax and death duty are the names given to various taxes which arise on the death of an individual. In United States tax law, there is a distinction between an estate tax and an inheritance tax: the former taxes the personal representatives of the deceased, while the latter taxes the beneficiaries of the estate. However this distinction does not apply in other jurisdictions: for example, if using this terminology UK inheritance tax would be an estate tax.

* In some jurisdictions, such taxes are known as inheritance tax:
o The Republic of Ireland (where it is a tax on beneficiaries).
o The United Kingdom: see Inheritance tax (United Kingdom).
o Some states of the United States: see Inheritance tax at the state level:
+ Nebraska
+ New Jersey
+ Pennsylvania
+ Tennessee

* In some jurisdictions the term used is estate tax:
o The United States: see Estate tax (United States).
o Some states of the United States: see Inheritance tax at the state level:
+ Missouri
+ Virginia
+ Washington
+ West Virginia
+ Wisconsin
+ Wyoming

* In some jurisdictions the term used is death duty, and for historical reasons that term is used colloquially - although it is no longer correct legally - in the United Kingdom and some Commonwealth nations.

* In some jurisdictions the term is estate duty:

2007-04-30 00:02:41 · answer #1 · answered by Mark 7 · 0 0

There is no fixed time limit, but In most cases, Inheritance Tax must be paid within six months from the end of the month in which the death occurs, otherwise interest is charged on the amount owing. This acts as a powerful incentive for the estate to pay up what is due.

2007-04-30 00:08:30 · answer #2 · answered by Doethineb 7 · 0 0

Why would you pay a death tax? Taxation is theft to begin with and some governments choose to tax dead people?

Of course I shouldn't be too surprised. The US government failed to dump the Death Tax last year.

Taxes on dead people should not be paid.

2007-04-30 01:48:00 · answer #3 · answered by Anonymous · 0 0

It becomes due and claimable upon the loss of life, the time it takes to collect those benefits from a structured federal judgement varies and it can be lengthy.

2007-04-29 23:16:57 · answer #4 · answered by Anonymous · 0 0

I think it is when the estate goes to probate...basically when everything has been valued and accounted for and is ready to be divied up amoungst the beneficiaries.

2007-04-29 23:18:08 · answer #5 · answered by charlotte e 3 · 0 0

the USA presidential line of succession defines who could grow to be or act as President of the USA upon the disability, loss of existence, resignation, or removing from workplace of a sitting president or a president-choose

2016-12-10 15:14:02 · answer #6 · answered by ? 4 · 0 0

Good question, I'm sorry I don't know the answer!

2007-04-29 23:14:57 · answer #7 · answered by ? ? ? ? 3 · 0 0

this will help think you will get it after this

2007-04-29 23:15:17 · answer #8 · answered by Anonymous · 0 0

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