Most presidents favor tax reductions for somebody. Obama talked about reductions for the lower and middle classes. The "Bush tax cuts" are currently being talked about.
Tax reduction
He promised to make a major tax reduction, after his state had the highest tax rate. It was also a center piece for his campaign.
this is a reduction of taxes
no! no!
Check it out on Answers.com or Wikipedia. To put it short, he was a Democratic guy focused on reform and tax reduction. Oh, he also had spaced office terms.
No, the tax reduction benefits of the Jarvis-Gann initiative are not transferable from father to son. Each individual taxpayer is responsible for their own taxes and can only benefit from the tax reduction based on their own circumstances.
All would favor lower taxes.
the wealthy would carry the greatest tax burden
A tax shield is basically a tax reduction for some tax payers. Using a tax shield can help save cash flows and it will increase the value of a business.
Your property may have been re-assessed or there may have been a reduction in the tax rate. Contact the county assessor for details.
A deduction reduces the amount of income that is subject to tax, and a credit represents a direct reduction in the amount of tax liability
Across the board tax reduction that occurred during 2001 and 2003. Supporters of President Bush's actions said it gave a tax cut ("tax relief") to everyone who paid income taxes. Opponents noted it was highly unusual to give tax cuts during a war; that these cuts mainly helped the wealthy; and that the tax cuts contributed to a growing budget deficit. The tax cuts were scheduled to expire in 2010.