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
7 / 15
iStock / peanut8481

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. 

Comments

The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the Terms Of Service and the comment you are posting is in compliance with such terms. 
blog comments powered by Disqus
Advertisement

Most Popular

Advertisement