Assertion: standard deduction | /r/CapableOf | exempt certain amount of income
Facets:
value: in other words
type: OTHER
value: from taxation
type: OTHER
Source sentences:
text: In other words, it "exempts a certain amount of income from taxation, effectively (creating) a 0 percent tax bracket for the first X amount of income," said Jennifer Abelaj, senior counsel for Davidoff Hutcher & Citron LLP in New York City, in an email.