What type of tax is associated with the comprehensive wealth of an estate?

The type of tax associated with the comprehensive wealth of an estate is the estate tax. This tax is levied on the total value of a deceased person's assets, including cash, real estate, stocks, and other investments, prior to the assets being distributed to heirs. The estate tax is based on the entire estate's worth at the time of death and is designed to tax the transfer of wealth from one generation to the next.

The estate tax ensures that significant wealth remains subject to taxation, even after it has been passed down from the deceased. It often has specific exemptions and rates that can vary based on the size of the estate and the laws of the jurisdiction.

In contrast, sales tax is levied on the sale of goods and services, while excise tax specifically targets certain goods, such as fuel or tobacco, often included in the price of the product. A wealth tax, on the other hand, is generally calculated on the total value of an individual's assets; however, it is distinct from an estate tax as it typically applies to living individuals rather than the transfer of assets upon death.