Tax deductible

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Tax deduction
A tax deduction or a tax-deductible expense represents an expense incurred by a taxpayer that is subtracted from gross income and results in a lower overall taxable income.In everyday terms, this means that tax-deductibility increases a person's purchasing power (if the person is paying taxes), by "adding money" to the purchase that would have otherwise gone to taxes.As a simplified example, if we assume someone has a flat tax rate of 33 nd is paying taxes, they can buy something for $600 that is not tax-deductible, or something for $900 that is, and have just as much money left over. This is because the $600 represents the same $900 in earnings, but after taxes have been paid on it. However, the simplification (a flat rate of 33% taxes) does not describe the U.S. tax system in most circumstances.
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Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Tax deductible
An expense that creates a tax deduction, for example, charitable contributions and mortgage interest.

Free English-Vietnamese DictionaryDownload this dictionary
tax-deductible
tax-deductible
tính từ có thể được trừ vào thu nhập trước khi tính thuế phải đóng (về chi tiêu)
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Dizionario inglese-italiano 1.0.012Download this dictionary
TAX DEDUCTIBLE
FISCALMENTE DETRAIBILE

English - Thai, Dictionary of CherngXDownload this dictionary
tax-deductible
adj. เกี่ยวกับฐานภาษีที่หักค่าใช้จ่ายหรือค่าลดหย่อนได้

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