Sentence examples for many deductions from inspiring English sources

To reconcile all this, the legislation proposed eliminating or capping many deductions that people currently take.

Many deductions were knocked out by the 1986 tax-law overhaul.

Members of both parties want to simplify taxation of corporations, reducing the rates while eliminating many deductions and credits.

In high-tax states, the big worry is what happens to the alternative minimum tax, a parallel system of taxation that cancels out many deductions.

The panel recommended a single corporate tax rate as low as 23 percent, counterbalanced by the elimination of many deductions, especially those that benefit individual industries.

The A.M.T. sets a lower limit on the amount of federal tax that people have to pay, regardless of how many deductions they have.

Though it seems like taxpayers lost many important deductions for the 2018 tax year, the increased standard deduction could help take the sting out of losing those benefits, Flood said.

The scheme is beguilingly simple: scrap the whole of the Internal Revenue Code, with its many brackets, deductions, and credits, and replace it with a seventeen-per-cent tax, after deductions... Flat tax critics say that it puts more burden on the middle class and won't provide enough money to ran the federal government....If [a rich man] fancies himself Presidential timber.

That's because Mr. Ross has so many itemized deductions.

You can go down the line with many exemptions, deductions and credits and find an unintended, and unfortunate, consequence.

So are many tax deductions, from those for charitable contributions to mortgage interest, most of which disproportionately benefit the wealthy.