Sentence examples for loss of deductions from inspiring English sources

Meanwhile, because of the loss of deductions, some middle-class families could actually pay more in taxes.

Those who don't itemize will get the benefit of the rate cut but not pay more taxes as a result of the loss of deductions, because they don't have any.

And as economists know, it is the rich who have the most to lose if such deductions as municipal bond interest are eliminated -- not to mention the loss of tax deductions that are so complicated that only the rich can hire expensive accountants to calculate and claim them.

Wal-Mart Stores has sued the American International Group Life Insurance Company and the Hartford Life Insurance Company, blaming the insurers for the loss of tax deductions that cost it more than $150 million after Congress revised tax laws.

[C4.] Wal-Mart Sues Large Insurers Wal-Mart has sued the American International Group and Hartford Life Insurance, blaming the insurers for the loss of tax deductions that cost it more than $150 million after Congress revised tax laws.

The 28percentt bracket goes to 25percentt, which is a little more than 10percentt and is more than offset in most cases by the loss of itemized deductions.

By definition, middle class families will end up paying more -- and will face the loss of tax deductions for mortgages, for employer-based health care, for state and local taxes and more.

Since they pay taxes just like everyone else with six-figure salaries, lawmakers would benefit from the lower income tax rates in the bill, although some could end up worse off with the loss of certain deductions.

In a telephone news conference on Monday, Mr. Klein cited a study by Towers Watson, a consulting firm, saying the loss of the deduction would cost companies $14 billion in future years.

A higher AGI can subject more of a retiree's Social Security checks to tax and cause a loss of various credits, deductions and exemptions denied to the better-off.

Real estate groups already strongly opposed the bill before it had been formally introduced, saying the loss of other itemized deductions would make people less likely to bother itemizing their mortgage interest payments.