Sentence examples for back deductions from inspiring English sources

One possibility is to scale back deductions smoothly, starting at household incomes above $250,000, and completely eliminate them for incomes above $1 million.

(It's worth noting that the Bowles-Simpson plan does allow for some flexibility: Congress could add back deductions and exclusions it feels are vital, but at the expense of higher marginal rates).

The speaker was also ready to accept a White House proposal from Mr. Obama's first days in office that would limit tax deductions to 28 percent, trimming back deductions for charitable giving and other activities from the top rate paid by the giver, 35 percent currently.

Many people have proposed raising revenue by cutting back on deductions and loopholes — so-called tax expenditures.

Both Democrats and Republicans have shown a willingness to roll back some deductions for high-income households, and more broadly to clean up the $1 trillion a year in tax breaks in the code.

Republicans and some Democrats saw a possible breakthrough last week when Republicans on the committee, long hostile to new taxes, offered the proposal to raise $300 billion in new tax revenue, mainly by scaling back tax deductions for higher-income households.

Even though you may recover your ISO benefit in a future year, you will never get back other deductions, in particular the one for state and local taxes, which matters if you live in a high-tax state.

So, be prepared, and the journey through charge back and deduction land will be as painless as possible".

The practice, generally referred to as charge backs and deductions, dates to the 1970's in the apparel business, where it started small.

It's a good idea to back your deduction up with documentation, such as a photo showing a computer and fax machine.

In addition to angering middle class people, eliminating or substantially cutting back the deduction for charitable contributions will have every charity in the country up in arms.