Assertion: personal exemption | /r/HasSubevent | phaseout
Facets:
Source sentences:
text: The personal exemption was subject to a phaseout (PEP) that gradually reduced the personal exemption of high-income taxpayers by 2% for each $2,500 or fraction of adjusted gross income (AGI) exceeding $261,500 for single filers, $287,650 for a head of household filers, and $313,800 for joint filers.