Difference between estate and inheritance taxes

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Question 1: What is the difference between estate and inheritance taxes?

Question 2: Are they levied by both the state and federal governments?

Question 3: What types of taxes, e.g., income, gift, or death taxes, are imposed or levied by the state of Texas?

Question 4: Who is responsible for paying taxes of the estate, and what funds are used to pay them?

Reference no: EM133226324

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