$ 152 billion comes from allowing limits on personal exemptions and itemized deductions (the so -
called Pease and PEP provisions) to return for filers with adjusted gross income above $ 300,000 for married couples and $ 250,000 for singles.
A rule that reduces itemized deductions for relatively high - income taxpayers is sometimes
called the Pease rule, for the congressman who originated the idea.
Not exact matches
High - income taxpayers have their itemized deductions reduced by the limitation on itemized deductions,
called «
Pease» after the Ohio congressman who proposed the provision.
The limitation on itemized deductions (sometimes
called «
Pease» after the Ohio congressman who proposed it) reduces deductions for high - income taxpayers by 3 percent of the amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of deductions claimed.
Susan
Pease Gadoua, my writing partner in The New I Do: Reshaping Marriage for Skeptics, Realists and Rebels,
calls it a «hit and run.»
I also have co-written a book with Susan
Pease Gadoua, a longtime Marin divorce counselor and author of Contemplating Divorce,
called The New I Do: Reshaping Marriage for Skeptics, Realists and Rebels (Seal Press, Sept. 28, 2014) a cutting - edge book that challenges our one - size - fits - all, till - death - do - we - part version of marriage and offers new models that work better for who we are today.
This is what Susan
Pease Gadoua and I
call a Companionship Marriage in our book, The New I Do: Reshaping Marriage for Skeptics, Realists and Rebels.
I'm seriously pumped about this book for three reasons: Elle is awesome, even when she
calls herself Lee I've critiqued this book; it's very cool Dale
Pease, my cover designer, did Elle's cover and it's crazy awesome See what I mean?
High - income taxpayers have their itemized deductions reduced by the limitation on itemized deductions,
called «
Pease» after the Ohio congressman who proposed the provision.
Pease contact, our UK agent, the Gambia Experience for flights and reservations at: www.gambia.co.uk Or
call 0845 330 4567 or 00 44 1489 866 939.
Under the agreement so
called «
Pease Limitations» that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers.