The Truth Behind The New Income Threshold
While the higher income threshold appears to be a result of bipartisanship, not everyone is convinced. Some believe that the recent revival of many tax code provisions, including PEP and Pease, limit deductions and exemptions afforded to the wealthy and will have harsh repercussions for the upper-middle class. In essence, rendering the higher threshold illusory.
See "The Stealth Tax Hike: Why The New $450,000 Income Threshold is a Political Fiction," Wall Street Journal (Jan. 4, 2013).
Posted by Jillian Snell, Associate Editor, Wealth Strategies Journal
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