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Exact(52)
There are deductions such as state and local income taxes and real estate taxes that may be deductible under regular tax computation procedures, but they may not be deductible when the IRS determines that you have indulged too much on those deductions and throws you into the 26% or 28% barbaric version of a flat tax.
What are those deductions and exemptions, exactly?
What all those deductions on your paycheck stub are for.
While subject to limits, those deductions can bey large.
But those deductions don't count for the alternative tax.
But the Romney plan provides no detail on just how much those deductions would be limited.
Similar(8)
"If he did not take advantage of those tax deductions or advantages that he has he could be sued.
In his acceptance speech Thursday, Mr. Obama warned that those lost deductions and tax credits would add up to $2,000 to middle-class families' tax bills.
Those are deductions for mortgage interest, state and local taxes, and charitable giving and the exclusion from income taxes of the cost of employer-provided health insurance.
So the industry's proposal would let companies receive payments from the government now in exchange for giving up those tax deductions later.
Only if the offer is seen from the narrowest sectarian viewpoint — that it dares to raise revenue by ending those tax deductions — could it be seen as any kind of concession.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com