Sentence examples for cut the deduction from inspiring English sources

But this year, the government greatly cut the deduction amounts, technically leaving families with more money to pay for college, even though state taxes have gone up, not down.

The double taxation in denying deduction for state and local taxes paid is a travesty, and it would have been even better policy to further cut the deduction for mortgage interest.

(Before that tax cut, the deduction was phased out starting at income levels of $200,000. And when the income stretched into the millions, as much as 80 percent of that deduction was phased out).

One way to change the incentive would be to cut the tax deduction for companies in half, as Senator Boxer and Senator Corzine have proposed.

Juventus, whose executives organised the match-fixing ring, was relegated to the second division, and told that it would begin the next season with a 30-point handicap.But this week, after hearing from Juventus's lawyer that such a punishment would be financially disastrous, an appeal panel cut the points deduction by half.

Are you reconsidering your plan to cut the interest rate deduction for mortgages and for charities?

Mr. Romney offers the bait of lowered tax rates without the painful hook of details about what popular tax preferences he would cut — the mortgage interest deduction, employer-sponsored health care, retirement savings?

Proposals to reduce the deduction could cut the roughly $300 billion a year donated to charities by $5 billion to $12 billion, Taylor said.

To suddenly cut the home mortgage interest deduction, for example, might damage the still-weak housing market.

Cut the "death tax" standard deduction in half.

The essence of the Boren-Danforth plan was the institution of a value-added tax, a kind of national sales tax, with the revenue used to eliminate the corporate income tax, triple the standard deduction and cut the payroll tax.