Answered

Get expert advice and community support for all your questions on IDNLearn.com. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

What is an estate tax?

A. A tax on inheritance of land or capital
B. A sales tax that applies only to a specific good or service
C. A tax on goods and services
D. A progressive property tax for extremely valuable properties

Sagot :

GinnyAnsweridn

Final answer:

Estate tax is a tax on the transfer of property upon a person's death, aiming to limit inherited wealth.


Explanation:

Estate tax is a tax imposed on the transfer of property upon a person's death, targeting the value of the inheritance. This tax is designed to limit the amount of wealth that can be passed on as inheritance and typically applies to estates above a certain value threshold, such as in the United States where it applied to inheritances over $5.43 million.


Learn more about Estate tax definition and purpose here:

https://brainly.com/question/43102651


Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Accurate answers are just a click away at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.