sponge tax
Word Rarity
Rare
Frequency: Zipf frequency 3.58 in modern English
19
Scrabble Score
9
Letters
2
Syllables
9
Unique Chars
Meaning
noun
An estate tax imposed by a state that was credited against the federal estate tax, raising revenue for a state without increasing the overall tax burden.
American usage
Example Sentences
- "Following various versions of the Massachusetts estate tax in response to the changes in the Internal Revenue Code, in 2002, the Legislature amended § 2A to use a "sponge tax" calculation based upon the Federal credit for State death taxes that would have been allowable to a decedent's estate in 2000."
Usage
- American usage