"All even numbers greater than 2 are composite; 1058 is greater than 2; 1058 is even; hence 1058 is composite" is a perfectly good deduction, despite not being formalized.
I do believe that paying taxes is the price we pay for living in the greatest country on earth, but I sure don't want to leave a good deduction sitting on the table.
Apparent refutations are primarily explained in terms of apparent deductions: thus, with one exception, Aristotle's fallacies are in the main a catalogue of bad deductions that appear to be good deductions.
You restart the mortgage amortization and pay more in interest initially, Mr. McHugh said; this results in a good tax deduction for a few years.
Re "Perils Seen in Bradley's Tax Proposal," your Jan . 6Political Memo about Bill Bradley's proposal to clamp down on corporate tax shelters and end tax breaks for some special interests: The difference between "good" tax deductions and "loopholes" is in the eye of the beholder.
New York has a good deal: a deduction on a joint return for the first $10,000 a year you put in and a 0.25% annual expense ratio if you invest directly rather than via a broker.
In Canada, this includes payroll source deductions, Goods and Services Tax collected, Provincial Sale Tax collected, employee wages and vacation payable.
The buyer may then accept the goods but make a deduction from the purchase price for the defect.
While this increased standard deduction sounds good, it is not enough to make up for all of the other kinds of deductions that are being lost (or capped), including those for mortgage interest, local taxes, medical expenses, and personal exemptions.
Limiting the mortgage interest deduction is good tax policy, but it will also depress home prices at the high end and lead to substantial opposition from the real estate industry.
Even allowing a good measure of deductions for operating costs leaves a risk-tolerant landlord with a handsome return.
