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"


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