Assertion: income tax's rate | /r/HasProperty | 23%
Facets:
Source sentences:
text: However, if you divide the tax by the amount of gross income (i.e., before deductions), the effective rates are 11% and 23%: the higher income person's rate is still twice as high, but his deductions drive down the effective rate more quickly ((14%-11%)/14% = a 21.4% effective tax rate savings or discount at the low income bracket; (31%-23%)/31% = a 29% effective tax rate savings or discount at the higher income tax bracket).