Well Done Peter – Yes Para 2 generally talks about standard deductions.
However, there is an argument put forward lucidly by Andy Thurman that says, if I may paraphrase, that after you have taken off the ‘standard deduction’ then if the remainder is still excessive, then that remainder could be subject to restriction.
It’s certainly a novel thought and I doubt whether it has been tested but
YMMV (Your mileage may vary)
