tax break

A special tax benefit given to promote specific economic or social objectives. For example, the U.S. government, having decided that individual home ownership is a boon to the economy, allows interest on a home mortgage to be subtracted, in whole or in part, from one's taxable income . The resulting lower taxation for homeowners constitutes a tax break.

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This valuable tax break, though, can be removed if the groups become involved in political activities or move away from their stated purposes.

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Other states and countries have been luring away production from California by offering generous tax breaks and rebates.

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Telling working people to pay more for socks while billionaires get tax breaks and bailouts.

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Getting a leg up in life — or just being financially comfortable — is an increasingly difficult solace to attain, blocked by tax breaks for the rich, incessant bills and unaffordable housing.

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“I think the Trump administration really wants to cut back on things so that they can fund their tax breaks that they implemented during his first term,” the Dem Club president said.

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tax-bracket creep tax certificate

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