Tax Policy Center

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T12-0398 - Reduce Allowable Amount of Itemized Deductions by 20 Percent; Baseline: Current Policy; Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income and Wage and Salaries; By Cash Income Level, 2013

Distribution of effective marginal individual income tax rates on capital income and wage and salaries from providing an across-the-board reduction of 20 percent in the allowable amount of all itemized deductions, by cash income level, 2013.

December 16, 2012