News Headline Summary
Washington Post columnist Ezra Klein tweets "source tells me that the USD 450K threshold would also apply to cap gains, dividends, but not PEP and PEASE"
- The Washington Post says that PEP and Pease are two provisions that restrict how much certain high-income Americans could write off through personal deductions and exemptions, known as the Pease limit and the Personal Exemption Phase-out (PEP).
16:20, 31 Dec 2012 -
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