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"People change over time.
Over 75 percent of homeowners utilize the deduction over the time of their ownership.
So it is simply deduction over again.
Given the weak state of the economy and of housing prices, a wholesale rewriting of the tax code may be a bridge too far right now, but there are plenty of reforms — capping deductions, phasing them out over time, restricting their use by heavily leveraged companies — that would move in the right direction.
Startups will be able to apply faster depreciation on their intangible assets, such as patents, in order to bring them in line with other assets, allowing business owners to make larger tax deductions over shorter periods of time.
Over time, the deduction has become the equivalent of a subsidy from the federal government to states that believe in a strong and active government.
With a donor-advised fund you claim a deduction now but dribble out grants over time.
The reason is that someone buying a high-coupon bond at a premium is entitled to write off the premium over time as a deduction against the interest income.
Businesses would be taxed on their cash flow, taking an immediate deduction for investments rather than depreciating them over time.
OT = Over-time.
Like Fidelity, the community foundations offer an immediate tax deduction, collect a small percentage of the money for administration and give donors the chance to decide, over time, where to donate the money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com