Word: deductionism
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Marketed as a Valentine's Day present to tax-obsessed lovers, the bill would close the marriage gap for those who currently suffer from it by increasing the standard deduction for two-earner households and raising the payments to married couples under the Earned Income Tax Credit, a worthy program...
Of course, ending the marriage penalty doesn't require a cut in taxes. At least one revenue-neutral alternative has been proposed in which married people would pay a little less and single people would pay a little more, causing the gap to disappear. Unsurprisingly, however, Congress preferred to use...
And the secret to it is this: no one, least of all McCain, can tell you what it is. One of the neglected curiosities of this presidential-campaign season is how remarkably substantial and sophisticated it has been. The candidates have unloosed a blizzard of paper. There are fact sheets...
But there's hope, a fresh alternative to the tawdry holiday present: gifts marketed by nonprofit organizations, with proceeds from these purchases going toward either the organization's general cause or a charitable service performed on the donor's behalf. Savvy holiday shoppers with a socially conscious heart often turn...
The state estimates that the tax deduction will cost the Massachusetts government about $6 million per year.