Depreciation recapture

[Payman A.]

Hi guys,

Posted questions in the Tax category but didn't get any replies so coming back here where I've previously had great communications.  One of my three questions is really not relevant so here are the other 2:

- Is depreciation recapture tax rate in fact a flat 25% regardless of tax bracket?

- If a 1031 is used to exchange down, how is the depreciation allocated? (are the deferred and payable portions directly proportional to the values of the relinquished and replacement properties?)

Thanks,

Payman