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A state death tax levied in an amount equal to the federal death-tax credit. — Also termed sponge tax. [Blacks Law 8th]

A tax on personal property (such as jewelry or household furniture) levied by a state or local government. [Cases: Taxation 67. C.J.S. Taxation §§ 114, 120, 122, 125, 129–130.] [Blacks Law 8th]

See holding-company tax [Blacks Law 8th]

1. A tax payable by an employer based on its payroll (such as a social-security tax or an unemployment tax). [Cases: Internal Revenue 4849; Taxation 1100. C.J.S. Internal Revenue §§ 740–741; Taxation§ 1779.] 2. A tax collected by an employer from its employees’ gross pay (such as an income tax or a social-security tax). See…

An excise tax imposed for the privilege of carrying on a business, trade, or profession. • For example, many states require lawyers to pay an occupation tax. — Also termed occupational tax. [Cases: Licenses 1. C.J.S. Architects § 8; Licenses §§ 2–4.] [Blacks Law 8th]

See alternative minimum tax. [Blacks Law 8th]

An excise tax imposed on high-priced items that are not deemed necessities (such as cars costing more than a specified amount). Cf. sin tax. [Cases: Taxation 1201.1–1345. C.J.S. Indians § 131; Steam§ 4; Taxation §§ 1990–2071.] [Blacks Law 8th]

A tax on a legacy, often with the provision that the rate increases as the relationship of the legatee becomes more remote from the testator. • In English law, this tax was known as a legacy duty; it was abolished in 1949. Cf. collateral-inheritance tax. [Cases: Taxation 856.1. C.J.S. Taxation §§ 1783–1785, 1792.] [Blacks Law…

See property tax. [Blacks Law 8th]

Slang. A federal tax imposed on a child’s unearned income (above an exempt amount) at the parents’ tax rate if the parents’ rate is higher and if the child is under 14 years old. — Also termed child’s income tax. [Blacks Law 8th]