estate tax的意思|示意

Estate tax, also known as “death tax”, is a tax that is levied on the assets of a deceased person. It is the responsibility of the deceased’s estate to pay the tax, which means that the money used to pay the tax comes from the assets of the deceased. In the United States, estate tax is a federal tax that is imposed on the transfer of property after a person’s death.

The rate of estate tax depends on the amount of assets that are being transferred. Generally speaking, the rate is 40%. The tax is imposed on the amount of assets that are in excess of the exemption amount, which is currently set at $11.58 million. This means that the first $11.58 million of assets that are transferred are exempt from the tax.

Estate tax is imposed on the net value of the assets that are transferred. This means that when the tax is calculated, any debts or liabilities that the deceased had must be deducted. For instance, if the deceased had a mortgage of $1 million, the net value of their assets would be $10 million, and the estate tax would be imposed on the $10 million.

When an estate is subject to estate tax, it is the responsibility of the executor of the estate to file an estate tax return and pay the tax within nine months of the date of death. The executor can choose to pay the tax over time, or they can choose to pay it in a lump sum.

Estate tax can be a complicated process and it is important to seek professional guidance when dealing with it. A qualified tax advisor or accountant can help you to understand your obligations and the applicable tax rate so that you can ensure the estate is handled correctly.