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That discount will exactly offset the rate differential.
Assume, for simplicity, that mortgage-interest payments and maintenance costs exactly offset the rental income.
No matter what the future state of the world may be, her payments to the client will be exactly offset by the net receipts from the portfolio.
The smoke point is a fundamental kinetic parameter, as this is the point where production of soot is exactly offset by its oxidation.
Thus to the extent that the deduction encourages home ownership, it is exactly offset by the extent to which high prices discourage home ownership.
Because the fall in consumption from increased savings would be exactly offset by the rise in investment, total demand would still be sufficient to maintain full employment.
Similar(37)
All that changes is the price, which falls until it exactly offsets the discounted cost of paying the tax forever.
Exactly offsetting the £1.3bn earmarked from cutting PIP was another £1.3bn being given away to the rich and the comfortable, via an increase in the higher-rate threshold and a cut to capital gains tax.
Thus, exactly offsetting the negative effect of a new import through the M term is a positive addition to one of C, I, or G.
This small chance of a large loss exactly offsets the large chance of a small ($1) win, keeping the game fair.
The sale of the puts exactly offsets the cost of buying the calls.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com