Sentence examples for abolishing deductions from inspiring English sources
Abolishing deductions for employer-provided health care, mortgage interest, capital gains on homes and state and local taxes would raise over $500 billion in 2014.
His breadth of contacts enabled him to organize a national coalition that defeated a proposal by President Ronald Reagan to abolish deductions of state and local taxes from federal income taxes, which he and others feared would prompt corporations to flee New York in favor of the South and Southwest.
Over the past year, as taxes on beer and cigarettes have risen, tax-free overtime abolished, tax deductions squeezed and tax-band thresholds frozen, even the French have started to grumble.
He would consider abolishing popular tax deductions, including the one for mortgage interest.
Abolishing the automatic deduction would help curb the abuses that Mr Walker wants to do away with.A boss who can't say noSo Mr Walker is not completely right.
Instead of admitting why tax reform is hard (because most voters want other people's deductions abolished but their own preserved), Mr Cruz laid into the Internal Revenue Service for investigating conservative groups seeking non-profit status, and declared that the best and simplest way to reform the tax code would be to abolish the IRS.
It's true that, in abolishing the carried-interest deduction for hedge-fund managers, he would_ _force them to pay a tax rate of twenty-five per cent instead of twenty per cent on some of their income.
It's true that, in abolishing the carried-interest deduction for hedge-fund managers, he would force them to pay a tax rate of twenty-five per cent instead of twenty per cent on some of their income.
Will they abolish the tax deduction for employer health plans?
Mr. Romney hasn't said what itemized deductions he would abolish or limit, but he has said he might cap or eliminate those deductions for high-income taxpayers.
The report notes that the most commonly discussed option for raising revenue by restricting itemized deductions wouldn't abolish them entirely but would limit their availability in some way.
