Something thats repeated does not have to be true. So make one thing clear there is no death tax. To give you an example of a what IS, and what perhaps could be called a death tax.
Ex: Frank Dies and leaves to a value of $100 000 to his son, he also have a debt on $10 000.
So what happens, well the debt is played, that leaves $90 000, that is paid out to his son. Here comes the hard part, this is an INCOME to his son and that is taxed. Say tax 30% then the son get $63 000.
IF it was a death tax the tax would be paid before any debt was cleared. (tax and debt as above would give the son $60 000 - however that would then prob be tax as income to say 30% an then he would get $49 000)
Ex: Frank Dies and leaves to a value of $100 000 to his son, he also have a debt on $10 000.
So what happens, well the debt is played, that leaves $90 000, that is paid out to his son. Here comes the hard part, this is an INCOME to his son and that is taxed. Say tax 30% then the son get $63 000.
IF it was a death tax the tax would be paid before any debt was cleared. (tax and debt as above would give the son $60 000 - however that would then prob be tax as income to say 30% an then he would get $49 000)