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  2. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    Inheritance taxes are paid not by the estate of the deceased, but by the inheritors of the estate. For example, the Kentucky inheritance tax "is a tax on the right to receive property from a decedent's estate; both tax and exemptions are based on the relationship of the beneficiary to the decedent." [52]

  3. What Is Inheritance Tax? A Guide to Costs and Who’s ... - AOL

    www.aol.com/inheritance-tax-happens-split...

    Inheritance tax is a tax on the value of someone’s property, money, and belongings after they pass away before it is given to their heirs or beneficiaries.

  4. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

    www.aol.com/estate-tax-vs-inheritance-tax...

    Calculating inheritance tax: The calculation of inheritance tax depends on the state’s specific laws and the beneficiary’s relationship to the deceased. For instance, in Pennsylvania, direct ...

  5. Do I Have to Pay Tax on My Inheritance? - AOL

    www.aol.com/pay-inheritance-tax-130012811.html

    An inheritance tax requires beneficiaries to pay taxes on assets and properties they’ve inherited from someone who has died. Sometimes an inheritance tax is used interchangeably with the term ...

  6. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."

  7. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    Arguments for inheritance taxes include reduction of discrimination between inherited income and income from work due to taxing at different tax rates. [6] Inheritance has been compared to nepotism [7] and inconsistent with the values of capitalism. [8] Inheritance tax has been argued to be preferable to income tax on work or land value tax. [9]

  8. Do I Pay Taxes Automatically If I Inherit Property? - AOL

    www.aol.com/capital-gains-inherited-property...

    Inheritance taxes - These are taxes that an heir pays on the value of an estate that they inherit. There are no federal inheritance taxes and only six states levy any form of inheritance tax.

  9. How Much Is Inheritance Tax? Find Out the Rates, Limits and ...

    www.aol.com/finance/much-inheritance-tax-rates...

    State inheritance taxes range between 1% and 16% depending on the state and based on the size of the inheritance. This type of tax differs from standard income taxes, gift taxes , estate taxes or ...

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