Summary of the Estate Tax

Summary of the Estate Tax Barclay Reiser Economics 212 08/03/00 The estate tax is a tax placed on the assets of a deceased person as the estate is passed to the heirs. This should not be construed as a tax on the heirs but a tax on the total holdings of the estate, both tangible and intangible. The gift tax and generation- skipping taxes are taxes developed by the government to reduce the loopholes that the estate …

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