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T12-0395 - Reduce Allowable Amount of Itemized Deductions, Excludable Amount of Employer-Sponsored Health Insurance Premiums, and Municipal Bond Interest by 20 Percent; Baseline: Current Policy; Distribution of Federal Tax Change by Cash Income Percentile, 2013

Distribution of federal tax change from providing an across-the-board reduction of 20 percent in the allowable amount of all itemized deductions and including 20 percent of employer-sponsored health insurance premiums and 20 percent of municipal bond interest in gross income, by cash income percentile, 2013.

December 16, 2012