FALSE according to my calculations it's false.
Testimony that is not believed for some reason.
401k's are not tax-deductible in the normal sense of the word. However, since normal 401k contributions are made with pre-tax funds, taxable income is reduced. As taxable income is reduced, tax is then reduced as well.
The primary purpose of income taxes is to raise money to pay for government operations. However, they have been used secondarily to encourage or discourage certain types of activity. For example, deductions for home mortgage interest encourage the purchase of homes and reduced tax rates for stock dividends encourage investment in the stock market.
Yes, if a tax return is amended then section 179 can be reduced. However, you will need to have an accountant or professional tax preparer do the return for you once amended.
People and businesses pay less taxes.Government deficits and borrowing grow.Sometimes the extra money that people and businesses have is spent, sometimes it is invested. When the money is spent, it generates additional sales and property taxes. When it is invested it can generate additional income which can result in additional taxes.Whether the additional taxes generated by the additional spending or investment are more or less than the amount that the taxes were reduced by is a very controversial issue. Under the right total combination of circumstances, the additional economic activity can generate more taxes and more than make up for the reduced taxes. Under the wrong combination, it can cause deficits, infrastructure neglect, increased government borrowing and a general economic downturn. You can never predict the future of the economy by looking at just one factor.
77.3 percent as a reduced fraction is 773/1000.
In catatonic stupor, motor activity may be reduced to zero.
Reduced 60%
0.036 percent as a reduced fraction = 9/25000
6 percent as a reduced fraction is 6/100 = 3/50.
The reduced fraction to equal 10 percent is 1/10
The period of reduced activity is often referred to as a lull. This term describes a temporary decrease in activity or a quiet period in a particular situation or context.
apathy
reduced
52.80 reduced by 15% = 44.88
780 reduced by 17.5% is 643.5
62.5 percent is .625 which is 625/1000 which can be reduced of course.So it is 5/8 as a reduced fraction.