Sentence examples for deduction cuts from inspiring English sources

But a smaller package would still include personal income tax cuts, limits on negative gearing and workplace deduction cuts without the GST increase.

The heavy hit on California is also why Bob Gartland, 51, said he is against the proposed deduction cut.

Honesty hurts the bottom line: A Towers Perrin study says that the deductions cut net income on average by 10%.

Honesty hurts the bottom line: A study by Towers Perrin says that the deductions cut net income by 10%, on average.

A deduction only cuts your taxable income.

To pay for these initiatives, they'd close the carried interest loophole, get rid of the expanded estate tax deduction and cut discretionary spending elsewhere.

Without having exact statistics on the size of itemized deductions on individual returns, an educated guess is that doubling the standard deduction will cut in half the number of people who itemize deductions on their tax returns.

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.

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

Those deductions would cut their federal tax bill 81percentto to $1,384.

To be sure, corporations use a variety of maneuvers and deductions to cut their effective tax burden.