Sentence examples for deduction shrinks from inspiring English sources

Their allowable deduction shrinks to $1,000.

Individual income tax rates will also rise, while deductions shrink.

The new tax law has raised the possibility that homeownership may be losing some of its privileged status in American society, as the benefits of the mortgage interest and property tax deductions shrink.

For someone with an AGI of $100,000 and miscellaneous outlays of $10,000, the two percent floor shrinks the deduction to just $8,000--what's left after the $10,000 is offset by $2,000, which is two percent of $100,000.

Shrinking the deduction, or phasing it out altogether, would remove this distortion.

Shrinking the tax deduction for charity is on the table.

REAL estate and building industry groups have loudly condemned proposals by both presidential campaigns to shrink the mortgage interest deduction.

Any efforts to shrink the mortgage-interest deduction are likely to face stiff opposition from real estate agents, home builders and others who argue that millions of middle-class Americans also benefit.

The answer is that there is fear that the deduction might vanish next year, or at least shrink.

On Jan . 1 the Bush-era tax cuts are set to expire, which would raise income tax rates on virtually every household; increase estate, dividend and capital gains tax rates; and shrink popular deductions like the child credit.

Here are four principles of tax reform that most of those economists would endorse: BROADEN THE BASE AND LOWER RATES The United States tax code is filled with deductions and exclusions that shrink the basis of taxation.