tax reductions
Lower government levies
Tax reductions are decreases in the amount of taxes owed, achieved through lower rates, new deductions, or expanded credits.
Politicians campaign on tax reductions; economists debate whether they stimulate growth or starve public services.
The tax reductions benefited corporations more than working families.
Also called tax cuts.
- tax cutsDecreased government assessments
- tax breakReduction in owed amount
- abatementsDecreases in amount owed
- deferralsGranted delays of obligations
- billAmount owed, written
refund · relief · credits · deduction · itemized deductions · tax credit · earned income credit · exemption · tax loopholes · savings · take-home pay · write-off · economic stimulus · offshore · shelters · withholding · IRS · tax season
tax reductionstax increases
Raised government levies
tax hikes · rate increases · surtaxes · tax levies · progressive taxation
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