Obama's budget: By the numbers

POSTED: 08:53 AM PDT Apr 10, 2013 

Find out what's in the $3.7 trillion budget proposed by President Barack Obama.

Tax forms, taxes, money
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28 percent -- The percentage Obama wants to cap the value of itemized deductions at. Normally, a taxpayer multiplies their top tax rate by the amount of a deduction to calculate the taxes saved. But Obama's budget would cap that rate at 28 percent, which is below the top two income tax rates. 


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