Tax Legislation
Pease was responsible for creating legislation within the United States Internal Revenue Code (tax code) whereby taxpayers who made excess amounts of adjusted gross income would lose(proportionally) their itemized deductions. Known as the "Pease Limitations", this legislation was controversial.
Read more about this topic: Don Pease
Famous quotes containing the words tax and/or legislation:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)
“Being offended is the natural consequence of leaving one’s home. I do not like after- shave lotion, adults who roller-skate, children who speak French, or anyone who is unduly tan. I do not, however, go around enacting legislation and putting up signs.”
—Fran Lebowitz (b. 1950)