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Taxation & Estate Planning

: TaxProf Blog

Lawsky: Obama's Proposal to Limit Itemized Deductions to 28% Rate

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President Obama proposes to fund his health care bill in part by limiting the tax rate at which itemized deductions reduce tax liability to 28%: The Administration proposes to limit the tax rate at which high-income taxpayers can take itemized deductions to a maximum of 28 percent, affecting only single...

Full post as published by TaxProf Blog on March 06, 2010 (boomark / email).

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