Tax break is a term referring to any item which reduces tax, including any tax exemption, tax deduction, or tax credit. Tax break is also a pejorative term used in the United States to refer to purportedly favorable tax treatment of any class of persons, as in "individuals get a tax break for so and so".
Other articles related to "tax break, tax":
... One of the main points regarded a tax break for income levels, whereas The Olive Tree policy was essentially to maintain a progressive taxation system ... The generalised tax break was somewhat enacted in 2005, and included in the last Financial Measure ... The opposition blamed Berlusconi for doing the tax break in one of the worst economic periods for the country, with no coverage for the resulting debt, and accused Berlusconi's ...
... soon realised that the system eliminated to a considerable extent the effectiveness of tax incentives for corporations ... If a corporation was given a tax break then its incomes thus released from taxation would not generate franking credits precisely because no tax was ... credits along with their dividends, meaning in turn that they had to pay more tax ...
Famous quotes containing the words break and/or tax:
“Many people now believe that if fathers are more involved in raising children than they were, children and sons in particular will learn that men can be warm and supportive of others as well as be high achievers. Thus, fathers involvement may be beneficial not because it will help support traditional male roles, but because it will help break them down.”
—Joseph H. Pleck (20th century)
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (18441900)