Sentence examples for personal deduction from inspiring English sources

Prosecutors had cited that expense as an improper personal deduction.

He would cut capital gains and dividend tax rates to 12 percent, from 15 percent, and triple the personal deduction for each child.

Since taking office, he has, for instance, consistently proposed to limit the value of the personal deduction for charitable giving to 28percentt of a donation's value —even as the top personal income tax rate as risen to 39percentt.

He did not address the issue of childless couples, who would not benefit much from the proposed $2,000 personal deduction.

The same rationale applies to business: the next budget should not only implement the personal deduction but also include enhanced tax credits for business with North-specific investments.

"I think that the decision to raise taxes by 50percentt in Illinois is political suicide," Kirk said of Quinn's proposal to raise the tax rate to 4.5percentt from 3percentt, coupled with an increase in the personal deduction.

Practice with respect to personal deductions also varies widely.

Under some flat tax proposals, all income would be taxed at 17 percent, and the only deductions allowed would be personal deductions.

Even if you eliminate all personal deductions, you recoup less than half of the $4 trillion to $5 trillion cost of his plan to lower income tax rates by 20 percent.

One way of limiting the use of itemized personal deductions for taxpayers whose total deductions are small and thereby minimizing costs of compliance and administration—is to provide an optional standard deduction.

He ran through a series of calculations that took into account how the returns were calculated, tax rates and the reduction of personal deductions for people earning more than $250,000 a year (or $300,000 for a married couple).