Assertion: exemption | /r/HasProperty | subtracted
Facets:
value: from the value of an estate
type: OTHER
Source sentences:
text: Exemptions are subtracted from the value of an estate, and only the balance is subject to the estate tax.
text: If your income exceeds the exemption amount for your filing status, you're subject to the AMT—which is calculated on what's left after the exemption has been subtracted.