Share this entry

generation-skipping tax Syllabification: gen·er·a·tion-skip·ping tax

Entry from US English dictionary

(abbreviation GST)

Definition of generation-skipping tax in English:

noun

An estate tax imposed on beneficiaries who are two or more generations removed from the testator: a married couple has a total generation-skipping tax exemption of transfers of up to $2,000,000

Definition of generation-skipping tax in:

Share this entry

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day innocuous
Pronunciation: ɪˈnɒkjʊəs
adjective
not harmful or offensive