The Largest Deductions Taken by High-Income Households

Last November, during an appearance on CNBC, soon-to-be Treasury Secretary Steven Mnuchin said that the Trump administration would focus on limiting tax deductions for high-income households. “Any reductions we have in upper-income taxes would be offset by less deductions,” he suggested. Mnuchin’s comment may have led viewers to wonder: what are the largest deductions that … Continue reading The Largest Deductions Taken by High-Income Households