Top 72 Deductions Quotes & Sayings

The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.

"I should have more faith," he said; "I ought to know by this time that when a fact appears opposed to a long train of deductions it invariably proves to be capable of bearing some other interpretation."

At first it seems obvious, but the more you think about it the stranger the deductions from this axiom seem to become; in the end you cease to understand what is meant by it.

Man has such a predilection for systems and abstract deductions that he is ready to distort the truth intentionally he is ready to deny the evidence of his senses only to justify his logic.

Amnesty is the magnet. Other magnets that you mentioned are anchor babies who get benefits in this country and employer deductions for employees, even if they are here illegally, which Mr. King is addressing.

The 1984 tax trials, when he appealed his New York state and New York City audits, were about Donald Trump claiming zero revenue for his consulting business and taking over $600,000 of deductions, for which he couldn't produce any documentation, no receipts, no checks, nothing, those two elements, zero income and huge deductions, combined with his own tax guy testifying under oath, that's my signature, but I didn't prepare that tax return, those are very strong badges of fraud.

As a science, logic institutes an analysis of the process of the mind in reasoning, and investigating the principles on which argumentation is conducted; as an art, it furnishes such rules as may be derived from those principles, for guarding against erroneous deductions.

Man's rights are evident branches of, rather than deductions from, the duty of self-preservation, commonly called the first law of nature.

There will be a big tax cut for the middle class. But any tax cuts we have for the upper class will be offset by less deductions that will pay for it.

Many tax experts say a key element to any fundamental overhaul is getting rid of certain deductions for businesses - the 'special-interest giveaways that are masked as tax breaks,' as House Republicans describe many of them in their own proposal.

My own varying estimates of the facts themselves, as the years passed, showed me too clearly how much of history must always rest in the eye of the beholder; our deductions are so often different it is impossible they should always be right.

Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.

If there is one thing that most economists agree about in the realm of tax policy, it is that it's best to broaden the base of any tax, all else being equal. That means minimizing the number of deductions and exclusions from taxable income in order to lower marginal rates and reduce distortions.

In the study of ideas, it is necessary to remember that insistence on hard-headed clarity issues from sentimental feeling, as it were a mist, cloaking the perplexities of fact. Insistence on clarity at all costs is based on sheer superstition as to the mode in which human intelligence functions. Our reasonings grasp at straws for premises and float on gossamers for deductions.

Imposing a $10,000 cap on SALT deductions has nothing to do with thoughtful tax policy. It's simply an attack on New Jersey residents, businesses, and homeowners, and unfairly limits married couples to the same $10,000 cap as individuals.

I understand that the legal position is under review in South Africa and that there will soon be a broader set of organizations to which donors can give and claim tax deductions.

The visual can seduce you, leading to false deductions, and ultimately, even the finest ideas can be reduced. Take for example, sexuality. If it is reduced down to the moment and to pleasure, things like that, that's not what sexuality is all about. Sexuality was to be in tandem with the sacred, not amputated from it.

By such deductions the law of gravitation is rendered probable, that every particle attracts every other particle with a force which varies inversely as the square of the distance. The law thus suggested is assumed to be universally true.

The knowledge of Natural-History, being Observation of Matters of Fact, is more certain than most others, and in my slender Opinion, less subject to Mistakes than Reasonings, Hypotheses, and Deductions are; ... These are things we are sure of, so far as our Senses are not fallible; and which, in probability, have been ever since the Creation, and will remain to the End of the World, in the same Condition we now find them.

I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.

I was elected to fight for the people of New Jersey, to win federal investment in our infrastructure, to strengthen our health care, to address gun violence, and get back our SALT deductions.

When I began my career as a cosmologist some twenty years ago, I was a convinced atheist. I never in my wildest dreams imagined that one day I would be writing a book purporting to show that the central claims of Judeo-Christian theology are in fact true, that these claims are straightforward deductions of the laws of physics as we now understand them. I have been forced into these conclusions by the inexorable logic of my own special branch of physics.

I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem.

Every American worker should be able to save for retirement via payroll deductions.

A trembling in the bones may carry a more convincing testimony than the dry documented deductions of the brain.

Mortgage is one of the most popular deductions. It costs the Treasury about $103 billion a year. Now that's money we could use to treat wounded veterans or reduce the deficit or fill the border. Instead, we give it a subsidy to homeowners, and it goes mainly to the richest homeowners in America, because only one third of Americans itemize their deductions. It doesn't work. Many countries have gotten rid of the mortgage interest deduction. Almost all of them have higher homeownership rates than we do.

It would appear that the number of nonsense triplets is rather low, since we only occasionally come across them. However this conclusion is less secure than our other deductions about the general nature of the genetic code.

I think the media plays into the hands of false induction, genuine seduction taking place, wrong deductions, and the inevitable reductions. That's the way and the path of the visual.

Coal and oil lobbyists added fossil fuels to a bill aimed at helping American manufacturers, so they too could claim 'manufacturing' tax deductions.

We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. While a small middle class remains in the coastal blue states, our tax bill devastates them by curbing deductions for state and local taxes and large mortgages. In a few years, everyone except the 1% will be a tricklee.

Get rid of the preferences and the special deductions and the loopholes... and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.

Tax reductions are usually simpler and less distortive. I'm certainly willing to look at getting rid of tax deductions/credits, and go to dramatically reduced rates.

There is no reason why the profoundest thoughts should not make easy and exciting reading. A profound thought is an exciting thing as exciting as a detective's deductions or hunches. The simpler the words in which a thought is expressed the more stimulating its effect.

Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.

Congress had the opportunity to extend tax relief to working families without increasing the deficit. Instead, we were handed a bill that favors the wealthy and eliminates deductions that benefit the middle class.

Why I've advocated a proportional tax system. You make $10 billion, you pay a billion. You make $10, you pay one. And everybody gets treated the same way. And you get rid of the deductions, you get rid of all the loopholes.

Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.

I do not believe that anything like what Donald Trump just proposed is going to get through Congress. Those deductions have a lot of defenders. The idea that they're going to completely explode the deficit is just a party killer for the Republican parties.

The mathematician starts with a few propositions, the proof of which is so obvious that they are called self-evident, and the rest of his work consists of subtle deductions from them. The teaching of languages, at any rate as ordinarily practiced, is of the same general nature authority and tradition furnish the data, and the mental operations are deductive.

In the one instance, the dreamerloses sight of this object in a wilderness of deductions and suggestionsuntilhe finds the incitamentum, or first cause of his musings,... forgotten. In my case, the primary object was invariably frivolous, although assuming, through the medium of my distempered vision, a refracted and unreal importance.

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes.

All deductions having been made, democracy has done less harm, and more good, than any other form of government. It gave to human existence a zest and camaraderie that outweighed its pitfalls and defects. It gave to thought and science and enterprise the freedom essential to their operation and growth. It broke down the walls of privilege and class, and in each generation it raised up ability from every rank and place.

A man who does not endeavour to seem more than he is will generally be thought nothing of. We habitually make such large deductions for pretence and imposture that no real merit will stand against them. It is necessary to set off our good qualities with a certain air of plausibility and self-importance, as some attention to fashion is necessary.

The poet uses the results of science and philosophy, and generalizes their widest deductions.

Our reasonings grasp at straws for premises and float on gossamers for deductions.

If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.

As a citizen, you have an obligation to the countrys tax system, but you also have an obligation to yourself to know your rights under the law and possible tax deductions -- and to claim every one of them.

All science is full of statements where you put your best face on your ignorance, where you say: ... we know awfully little about this, but more or less irrespective of the stuff we don't know about, we can make certain useful deductions.

In law, as in every other branch of knowledge, the truths given by induction tend to form the premises for new deductions. The lawyers and the judges of successive generations do not repeat for themselves the process of verification any more than most of us repeat the demonstrations of the truths of astronomy or physics.

The Cat was a creature of absolute convictions, and his faith in his deductions never varied.

We cut tax exemptions in 1986, it was the most admired tax reform in U.S. history. Congress and the president worked together then to eliminate scores of loopholes and exemptions and deductions; this made taxes much simpler, and allowed a major cut in tax rates.

Whether sociology can ever become a full-fledged "science" (a description of a class of events predictable on the basis of deductions from a constant rationale) depends on whether the terms which sociologists employ to describe events can be analyzed into quantifiable observables.

If Hillary [Clinton] is elected, is she going to be able to jack up taxes with virtually no deductions, and include capital gains? Unless democrats have a clean sweep of Congress, I don't think that's going to happen either.

What has not been clear is that the potential of this emergency-born technology has always accrued to human's prewar individual initiatives taken in a humble but irrepressible progression of assumptions, measurements, deductions, and codifications of pure science.

Republicans and Democrats have long recognized that our corporate tax system hamstrings business, reduces investment, and creates unfairness. Some corporations pay massive tax bills to the federal government while others use tailor-made deductions that enable them to pay close to nothing.

When I run a business, and I run a business, if I don't take advantage of the five deductions that are available to me, even if you think those deductions are unfair, then I've violated my fiduciary duty.

The highest-income Americans don't need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds.

Sometimes I think that our laboratories are but little earthworks which men build about themselves, and whose puny tops too often conceal from view the Olympian heights; that we who work in these laboratories are but skilled artisans compared with the man who is able to observe and to draw accurate deductions from the world about him.

And now, without having wearied my friends, I hope, with detailed scientific accounts, theories, or deductions, I will only say that I have endeavoured to tell just the story of the adventure itself.

If you have to change the law to get more money, that's a tax increase, and Americans for Tax Reform supports all efforts of tax reform, getting rid of deductions or credits, or something that's misclassified, as long as you at the same time reduce rates so that it's not a hidden tax.