1. Our largest housing subsidy-the mortgage interest tax deduction-is the equivalent of a voucher. 2. President Bill Clinton vetoed that, and proposed instead some small tax credits and tax deductions for higher education. 3. The Senate bill would raise the tax deduction for health insurance bought by the self-employed. 4. What will happen to the tax deduction? 5. The Inland Revenue originally wanted the machinery ring to be responsible for tax deductions for such workers. 6. Now those who can prove conclusively that they are self-employed will be responsible for their own tax deductions and claims. 7. Also under consideration are increasing tax deductions for charitable donations, and tax breaks for charitable institutions. 8. Already, one competitor, Greatergood.com, has said that it, too, is looking at ways to offer a tax deduction. 9. Also, a wig is a medical tax deduction, so save your receipt. 10. American companies receive generous tax deductions for donating medicines for needy people, including those hit by emergencies like an earthquake or a war. |