That’s the Federal Estate Tax; individual states still have their own estate taxes. In Oregon, for example, the estate tax kicks in for assets above $1 million,

That’s the Federal Estate Tax; individual states still have their own estate taxes. In Oregon, for example, the estate tax kicks in for assets above $1 million, and is graduated from 10-16% depending on the value of the estate. Edit: the tax does not apply to assets going from one spouse to the other, though.