tax_deduction

[tax_deduction]

A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer''s income bracket

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Noun
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer''s income bracket


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Usage Examples

The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.

Misspelled Form

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