Every tax system has two major components: the amount being taxed (otherwise known as the tax base) and the rate at which it is taxed. With the income tax, the base is income. The base of the death tax is not death. It is the size of the decedent's estate or the gross estate. How is this determined? Give reference.

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The determination of the base for the estate tax commonly referred to as the death tax is based on the size of the decedents estate or the gross estat... View the full answer