0What does "phase-out" in this sentence mean?02br 001. Personal and dependency expemptions currectly are phased out for high income taxpayers 02br 02br 00Thank you 0-
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0"To phase out" is sort of an idiom for gradually eliminating something over a period of time. "We're in the final phase" is this case would mean we're in that phase which sees something finally disappear.02br 02br 00If something is currently phased out, then the "phase-out" period is over, and was successfully completed. IT'S GONE. Of course, it may be re-instituted at a