deductibility

The deductibility of state and local taxes, for example, runs almost $70 billion each year.

The classification is quite significant in terms of the deductibility.

Also, the deductibility of the interest on such borrowing has been limited.

Before 1994, there was no limit on the deductibility of executive pay.

And some rules, like those governing the deductibility of interest, are more complex than ever.

But under current law the deductibility of personal interest is being phased out.

The plan would remove the tax deductibility for employers of health care plans.

And tax deductibility with regard to the purchase of it.

And finally, making no further reduction in the tax deductibility of home interest payments.

Let's cut off tax deductibility of such largess at an even million.

He also played a key role in preserving the deductibility of state and local income taxes.

This year, because of instant deductibility, I won't have a tax liability.

A more rational approach would base deductibility on the function of the funds.

The tax deductibility of fringe benefits paid by business for health increases spending.

Deductibility assumes, of course, that the apartment is a first or second residence.

The rules would not apply to the deductibility of interest on home equity loans.

A third advertisement tells how he fought for state and local tax deductibility.

But the deductibility provision also favors some taxpayers over others.

"We are not in the business of vetting organizations for tax deductibility," he said.

Congress has moved to curtail the interest deductibility on certain types of debt.

He said deductibility is often expressed as a percentage of the maintenance fee.

"The Government, as a general matter of principle, takes the position that we will fight any deductibility arguments," the lawyer said.

That leaves the other option - to limit deductibility of interest on corporate debt.

The deductibility of property taxes would not be affected.

These tax cuts would be offset by limits on the deductibility of state and local income taxes.