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inheritance tax |
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inheritance tax Noun (in Britain) a tax consisting of a percentage levied on the part of an inheritance that exceeds a specified allowance
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| Rowland blames inheritance taxes for what he calls the disappearing family candy business. We don’t want them to have to sell to pay for the inheritance taxes,” Mark says. Many states have state inheritance taxes, and there are other expenses sometimes associated with the settling of an estate that go beyond the cost directly linked to the federal estate tax. |
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