Death Tax

The term "Death Tax" typically refers to estate or inheritance taxes imposed on the transfer of property after someone passes away. When a person dies, their estate—assets like property, cash, or investments—may be subject to taxation before distribution to heirs or beneficiaries. These taxes are intended to generate revenue for public services and are often paid by the estate or heirs, depending on the laws of the jurisdiction. The term is sometimes used politically to describe these taxes, which can be a point of debate regarding their fairness and impact on wealth transfer.