An estate tax that imposes a tax on money in excess of $4.49 million passed down upon death is an example of what type of policy?

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21-06-2022
Social Studies

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An estate tax that imposes a tax on money in excess of $4.49 million passed down upon death is an example of what type of policy?

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aarinimishra75 aarinimishra75 · Answer 1 · 2022-06-29T15:18:02+02:00

An estate tax that imposes a tax on money in excess of $4.49 million passed down upon death is an example of in insurance policy.

What is estate tax?

The estate tax in the US is a federal tax levied on the distribution of a decedent's estate.

The federal estate tax is a levy on the privilege you have to leave property to your beneficiaries and heirs after your death.

One's estate policies may include debts, real estate, automobiles, life insurance, pensions.

As a result, insurance policy is an example of estate and inheritance taxes.

Learn more about on estate tax, here:

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