Sentence examples for higher exemption from inspiring English sources
At new higher exemption levels, far fewer estates would be touched in each state.
As a result, he said, shareholders who receive the lower exemption could end up paying an assessment for more than the amount they receive from the program, while those who receive the higher exemption would pay less.
The strongest opposition in the House was to the estate tax provision, which would set an exemption of $5 million per person and a top rate of 35 percent -- a higher exemption and lower rate than many Democrats want.
The deal would ultimately set an exemption of $5 million per person and a maximum rate of 35 percent — a higher exemption and far lower rate than many Democrats wanted.
The deal will set the exemption, or unified credit, at $5 million per estate, and the maximum rate at 35 percent — a higher exemption and lower tax than many Democrats want.
Then, in late 2010 came a jumble of unexpected tax actions: from reinstating the estate tax for this year and next, with a higher exemption level than most tax advisers expected, to extending the Bush-era tax cuts for two more years.
The tuition deductions would expire after 2005, and the higher exemptions from the alternative minimum tax would expire after 2006.
During a campaign to maintain the estate tax several years ago, some universities argued that higher exemptions and lower rates would adversely affect charitable contributions.
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The tentative deal includes a two-year patch for the alternative minimum tax, a reduction in the payroll tax and a plan to reinstate the estate tax with lower rates and higher exemptions than in 2009 — all of which will offer far more savings for high earners than those in the low- or middle-income bracket.
Idaho has eight of the top 10 counties with the highest exemption rates, the study found.
