Sentence examples for key deductions from inspiring English sources

However, Mr. Perry would keep three key deductions in his system, which undermines the whole point of the flat tax, which is to wipe the slate clean.

If you take the standard deduction in your hurry to get your tax return done, you might miss some key deductions.

And he has withheld support for the pending GOP tax bill, citing its disproportionate impact on his constituents through the loss of key deductions.

The meeting did pass a resolution in favor of a flat tax, but it was a bit unclear what that meant because after vigorous discussion the consensus was that the flat tax should eliminate "loopholes" while preserving key "deductions".

Under the new law, that would be 20percentt vs. 40percentt in most red states and, with key deductions gone, closer to 20percentt vs. 60percentt in the wealthiest blue states.

In fact, middle-income families would pay more in taxes under the Republican proposals because key deductions that lower their tax bills like the State and Local Tax Deduction, education and tuition deductions, and medical expense deductions would go away.

Featherngill points to another key deduction: miscellaneous itemized expenses.

Many saw this flip-flop coming, as the proposal was predictably met with resistance from Congressional leaders of high-tax states such as California, New York and New Jersey, who risk a mass exodus of the state's wealthiest residents if this key deduction is eliminated.

Insurance is another key deduction for most businesses.

This key deduction, which has been part of the Tax Code since 1913, must be included in any tax reform proposal.

From eliminating key tax deductions middle-class families rely upon, like deductions for medical expenses and student loans, to incentivizing corporations to ship even more jobs overseas, to sneakily trying to repeal the ACA, this bill fundamentally threatens the financial security of millions of Americans and will make it harder for small businesses to thrive.