Assertion: taxpayer's income | /r/HasProperty | taxed on a formula of 5%
Facets:
value: from 100,000
type: OTHER
value: from 0
type: OTHER
Source sentences:
text: For example, if income is taxed on a formula of 5% from $0 up to $50,000, 10% from $50,000 to $100,000, and 15% over $100,000, a taxpayer with income of $175,000 would pay a total of $18,750 in taxes.