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I'm quite sure the average UK taxpayer will question why these exemptions exist".
Exemptions exist for hybrid and electric cars, and any business that relies on a running engine, like an ice cream truck or cement mixer.
And while state-level exemptions exist, the United States has one of the lowest weight limits for trucks among developed countries.
The Fair Labor Standards Act requires that employers pay everyone, but exemptions exist for purely educational positions that are exclusively for the benefit of the intern (few internships, of course, would seem to meet that standard).
This mandate applies to firms accepting municipal assistance equal to or above $1 million; exemptions exist for manufacturers and businesses making less than $5 million dollars in revenue.
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What if your relative died a few months or even years ago, and the full inheritance tax was paid on their estate because the family members weren't aware this exemption existed?
No similar exemption exists for IRAs, but there are narrower ones.
In England, a specific exemption exists for film and TV productions.
The fact that the executive exemption exists in the first place is one of the main points of contention between the Snyder administration and those seeking accountability.
An exemption exists for sporting matches, however, with major codes arguing that a complete ban on alcohol advertising would have too much of an impact on the economics of sport.
In this sense, the yacht and jet tax exemption exists more so as a symbol of what has become a commonality of the Cuomo years: this fallout and frustration from what critics see as his lack of pure liberalism, centered around issues like a minimum wage hike, funding public education, and immigration reform.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com