Schedule C section 179 deduction will be reduced from $139,000 to $25,000 in 2013. That’s what Boehner is talking about.
For many in the top 2%, paying taxes is ‘voluntary’ as in they can decide whether or not to take profits now or in the future. Four years flew by, and if one can, they can maintain a ‘slow roll’ mode until the storm passes.
Dumb question: the “adjusted gross income” in this sense applies to married individual returns only or to corporate returns?