not taking part or giving assistance in a dispute or war between others: a neutral nation during World War II. 2. not aligned with or supporting any side or position in a controversy: The arbitrator was absolutely neutral. 3. of or belonging to a neutral state or party: neutral territory.
Inheritance Tax rates. The rate of Inheritance Tax is 40% on anything above the threshold. The rate may be reduced to 36% if 10% or more of the estate is left to charity.
The estate tax is also a federal tax while in most cases the inheritance tax is levied by the state, and not all states have an inheritance tax. Eleven states still collect an inheritance tax. They are: Connecticut, Indiana, Iowa, Kansas, Kentucky, Maryland, Nebraska, New Jersey, Oregon, Pennsylvania and Tennessee.he inheritance tax is a tax on money and/or assets received by a beneficiary from the estate of the deceased. One interesting aspect of the inheritance tax is how the tax rates are calculated. In many states, the tax rate is based on how close of a relative you are to the decedent.