Death benefits received by beneficiaries or the estate of an employee for or on behalf...

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Accounting

Death benefits received by beneficiaries or the estate of an employee for or on behalf of an employer is generally included in gross income. Note, however that a distinction must be made between employer paid that benefits and benefits derived from a life insurance plan that is provided by the employer.

  • To what extent is the estate tax a worthwhile tax?
  • To what extent do you think it is a good tax or a bad tax? Be sure to include the appropriate social and economic ramifications.

  • Please explain in detail.

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