What type of tax is an accounting of everything you own or have an interest in on the day you die?

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Quizplus · Accepted Answer

An accounting of everything you own or have an interest in on the day you die is known as an estate tax. This tax is levied on the net value of the assets left behind by a deceased person. Gift tax is a tax on the transfer of property during the giver's lifetime, Social Security tax is a tax on earned income to fund the Social Security program, and Progressive tax is a tax that increases as the amount of taxable income increases.

What Type of Tax Is an Accounting of Everything You