applicable percentage

(2)For purposes of paragraph (1), the term “applicable percentage” means 35 percent reduced (but not below 20 percent) by 1 percentage point for each $2,000 (or fraction thereof) by which the taxpayer’s adjusted gross income for the taxable year exceeds $15,000. (b)For purposes of this section—

Source

26 USC § 21(a)(2)


Scoping language

For purposes of paragraph
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