But last week an amendment that would have guaranteed such people exemption from prosecution, subject to safeguards, was defeated in the House of Lords.

ECONOMIST: Assisted suicide

They are quite inconsistent, for example, with the rules in my own state of Pennsylvania: we have no personal exemption and thus, taxpayers are subject to tax at the first dollar.

FORBES: A Beginner's Guide To Taxes: Do I Have To File A Tax Return?

Without an exemption, the money could be deemed subject to the GST tax when withdrawn, says Paul Dinzeo, principal at Accredited Investors, a wealth-management firm in Edina, Minn.

WSJ: Family Value: Last Chance to Foil a Gift Tax

They switched from PwC who insisted on doing Sarbanes-Oxley work to Grant Thornton who did not (They are so small they were subject to the ongoing SOx exemption debate.) Koss got substantially lower fees.

FORBES: Auditor Rotation Proposal Just More Spin

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.

WSJ: Family Value: New Hazards for Estate Plans

Including this exemption protects the lowest income earners in the country as they would only be subject to taxes on the amount that exceeded the deduction.

FORBES: Death Is Much Less Complicated Than The U.S. Tax Code

Over the years, the personal exemption and standard deduction have not kept pace with inflation, so today 70% of the population is subject to income taxes.

WSJ: Jay Starkman: Many Unhappy Returns��Millions of Them