For the extra $900 of income on that 1099, the phase out of primarily the EITC put my marginal rate at about 102%.
Mubarak also said he would propose new constitutional reforms and phase out emergency laws in the future.
Before we increase rates, let's phase out every possible deduction.
1705, "phase of the moon," back-formed as a singular from Modern Latin phases, plural of phasis, from Greek phasis "appearance" (of a star), "phase" (of the moon), from stem of phainein "to show, to make appear" (see phantasm). Latin singular phasis was used in English from 1660. Non-lunar application is first attested 1841. Meaning "temporary difficult period" (especially of adolescents) is attested from 1913.
"to synchronize," 1895, from phase (n.). Meaning "to carry out gradually" is from 1949, hence phase in "introduce gradually" (1954), phase out (1954). Related: Phased; phasing.
A characteristic form, appearance, or stage of development that occurs in a cycle or that distinguishes some individuals of a group.
A discrete homogeneous part of a material system that is mechanically separable from the rest, as is ice from water.
Any of the forms or states, solid, liquid, gas, or plasma, in which matter can exist, depending on temperature and pressure.
A particular stage in a periodic process or phenomenon such as a wave form or time pattern.