A reduction in the gross amount on which a tax is calculated

Usage examples of deduction.

He knew the mathematical formulas the service used to target institutions for auditing and every year carefully made out his returns, underreporting legitimate deductions and not taking others so that no red flags triggered the random-audit process.

Just as an axiomatic destabilizes any terms and definitions prior to the relations of logical deduction, so too capital sweeps clear the fixed barriers of precapitalist society-and even the boundaries of the nation-state tend to fade into the background as capital realizes itself in the world market.

In taxing the income of a nonresident, there is no denial of equal protection in limiting the deduction of losses to those sustained within the State, although residents are permitted to deduct all losses, wherever incurred.

The bill concerning the territories and revenues of the diocesses, or the established church bill, recited those parts of the reports of the commissioners which set forth the proposed alterations among the sees, and deductions from their revenues.

A deduction from her selary would be necessary, in case she should retire from the sphere of her dooties for a season.

Frederick had his good and his bad qualities, like all great men, but when every deduction on the score of his failings has been made, he still remains the noblest figure in the eighteenth century.

I am constantly tempted to shirk the details, and to let hints stand for actual facts and ineluctable deductions.

Following Ebbinghaus and some of the deductions from diseases of memory, it seemed as if one could align memory along a temporal dimension, in which, in the periods of seconds to minutes to hours following some new experience, processes of perceptual filtering introduced items into a labile, transient short-term memory and from there into a permanent long-term memory.

What was also becoming clear, by deduction and some hasty new experiments, was that banishment of leukocytes opened up a weakness, a vulnerability.

A remarkable activity of mind was observable in the theological world, and men of great learning and keen intellect began to apply the deductions of foreign naturalism to the sacred oracles.

Keenly intent upon his new conclusions, uninformed of the fact that Clifford Sulgate had been overheard and murdered by Bronden, The Shadow had carried his previous deductions farther and farther from the proper course.

An agreement was struck between them whereby Ikey would put up the capital for the brothel for which he would receive seventy percent and Mary thirty percent after the deduction of running expenses.

I got no farther than the curious conclusion that all the Millerites were grown up people without children, and, by a natural deduction, that my mother and sisters and myself were safe from the end of the world.

Unless he had the checkbook with him and was still writing checks, the overdrafts most likely had come from some of those automatic deductions.

The product of the assay is examined, and a deduction of a considerable percentage is very properly made for impurities, since the assay really determines the percentage, not merely of tin, but of the bodies present which are reducible at a white heat.