Assertion: estate | /r/CapableOf | exceed the exemption amount
Facets:
value: by million
type: OTHER
Source sentences:
text: Only the net value of an estate that exceeds the exemption amount is taxed, and the tax comes off the top of the estate before bequests can be made to beneficiaries from anything that remains.
text: An estate valued at $10,000 more than the 2019 federal estate tax exemption is taxed at a rate of 18%, while an estate that exceeds the exemption amount by $1 million or more is taxed at 40%.