tax reduction
Smaller government take
Tax reduction is a decrease in the amount of taxes owed, whether through lower rates, credits, deductions, or exemptions.
Politicians campaign on tax reduction; accountants help clients achieve it: The new law promises significant tax reduction for middle-income families.
Distinguished from tax evasion, which is illegal, tax reduction works within the system.
- deductionsConclusions from reasoning
- itemized deductionsSeparately listed taxable expense reductions
- standard deductionPreset tax-free income amount
- write offCancel as unrecoverable
- exemptionRelease from requirement
tax cut · lower taxes · tax break · tax relief · rebate · tax credits · tax-free · decrease · economic stimulus · tax deferral · duty-free · tax shelter · cutback · tax abatement · child tax credit · withholding · offset · tax holiday
- property taxproperty tax, real estate tax, assessed value, property tax bill, tax bill
- Presidential papersspeeches, press releases, press conferences, proclamations, memos
tax reductiontax and spend
fiscal austerity · revenue generation · tax collection · progressive taxation · wealth redistribution
reduce, reduction, taxing, reducing, taxation, taxable, untaxed, reducer, tax reductions