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inheritance tax |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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I need to die in 2010 because there will be no inheritance tax (that year) and my kids will be able to carry on. But instead what captivated the Japanese media was the inheritance tax that his heirs had to pay. As Joseph Stiglitz, chairman of President Clinton's Council of Economic Advisers, has concluded: "Of course, prohibitively high inheritance tax rates generate no revenue; they simply force the individual to consume his income during his lifetime. |
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