At that point, the exemption was allowed to expire.

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As our family does not plan to use the City or County schools at any point, I would like to request an exemption from the portion of our property taxes that would go to fund schools we do not plan to use and a refund of back taxes that went to pay for schools we did not, do not, and will not use.

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The sticking point was Treasury's inability to carve out a special exemption for small businesses.

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But Mr. Obama's budget proposal, echoing provisions called for in previous years, would have the generation-skipping-transfer exemption expire after 90 years, making the assets subject to taxes at that point.

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That is the point at which gross income begins to exceed the standard deduction and the deduction for the personal exemption.

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