The applicable exempt amount is currently two million dollars in 2006 .
Annual exempt amount increased from £6300 to £6600, taking into account the effect of inflation.
You can find out more about the annual exempt amount in the section below.
The annual exempt amount lets individuals and trustees make some capital gains without paying tax.
For most trustees, the annual exempt amount for the 2011-12 tax year is £5,300.
In these cases, the annual exempt amount is £10,600 - the same as for individuals.
If they have more than five, an exempt amount of £1,060 applies to each.
Double that exempt amount to 60 an hour and you're finally getting to the point.
The exempt amount of earnings for those between 65 and 69 will rise to $8,400 from $8,160.
Section 6334 does allow for an exempt amount that must remain outside of the levy.