Inheritance tax is an assessment on the portion of an estate received by an individual. It differs from an estate tax, which is levied on an entire estate before it is distributed to individuals. The inheritance tax is usually progressive and generally determined by the amount of property received by the beneficiary, as well as by the heir's relationship to the deceased. The U. S. Government levies only an estate tax. Some state governments levy both inheritance and estate taxes.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). inheritance tax. Retrieved September 25, 2026, from http://smartdefine.org/inheritance_tax/definitions/1156079 |
| Chicago | Barry Goldsmith. 2010. "inheritance tax" http://smartdefine.org/inheritance_tax/definitions/1156079 (accessed September 25, 2026). |
| Harvard | Barry Goldsmith 2010, inheritance tax, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/inheritance_tax/definitions/1156079>. |
| MLA | Barry Goldsmith. "inheritance tax" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/inheritance_tax/definitions/1156079> |