Suggestions(1)
Exact(1)
But, for someone who makes $1,250 a month, before payroll taxes and other deductions, three or four hundred dollars is a huge amount to pay out, especially if it is going toward an insurance policy that comes with an annual deductible of $5,000 or $6,000.
Similar(59)
And so, in terms of bringing down deductions, one way of doing that would be say everybody gets — I'll pick a number — $25,000 of deductions and credits, and you can decide which ones to use.
"In terms of bringing down deductions, one way of doing that would be to say everybody gets — I'll pick a number — $25,000 of deductions and credits," he said.
We could create, for example, one commission to design a plan to restore balance to Social Security, one to review income tax deductions, one to review tax expenditures that target single industries and one to consider smaller programs for possible closure or merger.
(You can, for example, make big charitable deductions one year, but not the next).
Example: A wealthy retiree who normally pays at the 35% rate might have so many deductions one year that he's caught in the AMT.
The marriage penalty was already pretty severe for upper-middle-incomers (with typical deductions, two $200,000 earners would see the second income kicked up from 28% and lower brackets to 33%).
And there would be nothing illegal with taking deductions eighteen years to reduce his taxes to zero.
While those in the blue states will undoubtedly fight any proposal to eliminate or limit the Salt deduction, one thing that should be kept in mind is that the deduction is already sharply limited by the alternative minimum tax, a separate tax system primarily affecting the wealthy that eliminates certain tax preferences, including the Salt deduction.
The problem is that a deduction this year is worth more to them than a deduction seven years from now.
As concerns differences between induction and deduction, one of these is dramatically illustrated in the problems with Williams' thesis discussed in section 4.2 below: This is that inductive conditional probability is not monotonic with respect to conditions: Adding conditions may increase or decrease the value of a conditional probability.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com