Then, given their income and the limits on deductions, he said, they would be able to deduct only a small part of the work's value each year.
In a preface that is inspired and a little odd, she tells us that she has written two books: one based on the facts she was able to find, the other on deductions and intuitions about Levi's private and inner life.
The math for the limit on deductions is different.
He was particularly irate about I.R.S. rules on deductions, which he deemed insensitive to writers.
Then, over the following months, Congress will hash out details, like any caps on deductions.
Even proponents of a limit on deductions have suggested some modifications.
Many people have proposed raising revenue by cutting back on deductions and loopholes — so-called tax expenditures.
Many of the budget proposals, including the limit on deductions, have been made before by the Obama administration.
Mitt Romney started the talk about putting a cap on deductions, and it has gained some traction politically.
The deal passed by the Senate and the House will impose fewer limits on deductions than the White House plan.
*Limits on deductions and personal exemptions that upper-income taxpayers can claim will be repealed in stages beginning in 2006.
