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"

Link: https://twitter.com/ezraklein

Update details:

- 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).

Print 16:20, 31 Dec 2012 - Economic commentary - Source: Twitter