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Simple English definitions for legal terms

exemption

Read a random definition: stante matrimonio

A quick definition of exemption:

Exemption: Exemption means you don't have to do something or pay something that others have to. For example, you might be exempt from paying taxes on certain things or exempt from being drafted into the military. In some cases, you might be allowed to keep certain things even if you owe money or are going through bankruptcy. In tax law, exemption means you can take a certain amount of money off your income before you have to pay taxes on it.

A more thorough explanation:

Exemption is a legal term that means you are immune or exempt from certain duties or requirements. For example, you might be exempt from paying taxes on a certain type of income or from serving in the military.

One example of an exemption is a debtor's exemption. This is a privilege that allows someone who owes money to keep certain property from being taken away to pay off their debt. For instance, if someone owes money to a creditor, they might be able to keep their car or their house if those things are considered exempt.

In tax law, an exemption is an amount of money that you can deduct from your income before you calculate how much tax you owe. For example, if you make $50,000 a year and you have a $5,000 exemption, you would only have to pay taxes on $45,000 of your income.

Overall, an exemption is a way to give people a break from certain legal requirements or obligations. It can help protect their property, reduce their tax burden, or give them other benefits.

exempt property | exemption trust

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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