Estate taxes are taxes on a person's estate when that person dies. true false

It is True that Estate taxes are levied on the estate of a dead person

Explanation:

Estate taxes are taxes charged on a dead persons estate i.e (assets) based on the current value of the estate. although there is a limit the assets price/worth has to reach to be taxable like with federal estate tax the asset value has to be in the excess of $11.4 million to be taxable. note: estate transferred to a spouse by the dead person is not liable to be taxed. Estate taxes is different from inheritance Tax because in the later the owner pays during estate planning while the former the beneficiaries pay

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disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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