Sentence examples for total amount of deductions from inspiring English sources

Mitt Romney himself proposed an efficient and effective approach: just limit the total amount of deductions.

Another policy change that has some support from both parties is a plan to limit the total amount of deductions.

Currently, there is no cap on the total amount of deductions a taxpayer can claim for items like mortgage interest, charitable deductions and state and local taxes.

He suggested on Monday that one way to increase revenue would be to cap the total amount of deductions any taxpayer could claim.

The total amount of deductions claimed could be limited by a dollar amount, they could be limited to a certain percentage of income, there could be floors that allow deductions only over a certain amount and various other schemes.

One of the budget proposals that hasn't received much attention would place limits on the total amount of deductions than can be taken by individuals earning more than two hundred thousand dollars a year and couples earning more than two hundred and fifty thousand dollars.

Deductions work by reducing the total amount of income that people pay taxes on, so those who pay a higher rate get more value.

Yes, you can list your losses as a miscellaneous itemized deduction but you can't deduct more than the total amount of your winnings.

A tax deduction reduces the amount of your taxable income, thereby lowering the total amount of taxes you pay, making you cash.

Limiting itemized deductions for higher-income taxpayers while leaving marginal rates unchanged would raise revenue, but critics of the measure note that it's a relatively paltry amount considering the total amount of tax expenditures — the term tax experts and economists prefer when analyzing the tax code.

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