Sentence examples for deduction cost from inspiring English sources

The charitable deduction cost the government $40 billion in lost tax revenue last year, according to the Joint Committee on Taxation, more than the government spends altogether on managing public lands, protecting the environment and developing new energy sources.

In 2009, according to the Joint Committee on Taxation, the mortgage interest deduction cost the federal Treasury more than $80 billion, making it not only the largest subsidy provided to homeowners, but one of the most expensive tax expenditures in the American tax code.

And, of course, the biggest point of contention: does elimination of the state and local income tax deduction cost the GOP vital votes from Republican representatives of high-tax states like New York, New Jersey and California?

Estimates of how much the charitable deduction costs the government are sketchy.

The health insurance deduction costs the federal government approximately $70 billion a year.

The educator expense deduction costs less than 0.15percentt of the tax cut going to mega corporations to lower their rates.

For instance, the home mortgage interest deduction costs the Treasury about $100 billion a year in lost revenue, and effectively encourages the mostly affluent families who itemize deductions to buy a more expensive home.

The educator expense deduction costs the federal government $210 million a year — or about $2.1 billion over the 10-year time span of the tax bill, according to estimates from the Joint Committee on Taxation and the U.S. Treasury.

A small point on that might be that you really can't call a deduction cost-effective if the Joint Committee isn't even scoring it.

At a marginal rate of 33%, you can see that the loss of deduction costs you about $1,400.

Just as a point of reference, CBO estimates that the tax subsidy for the home-mortgage interest deduction costs taxpayers only $70 billion per year.