In the current year, an earthquake results in the following damage to Lucas' personal-use property: His pool house valued at $40,000 is completely destroyed. A falling tree crushes and completely destroys a car with a purchase price of $85,000 and a FMV of $35,000. Lucas' home sustains $30,000 in damage. The area is declared a federal disaster zone. Lucas' AGI for the year is $175,000. What will be the decrease in his taxable income as a result of the earthquake