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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Thank the government who paid for it by giving their employer a tax break for doing so.

To be fair, the President is quite right that companies do not need a tax break to buy corporate jets.

After all, if the tax break goes away, these companies can still buy the free lunch; they just can't deduct it from their taxes.

It is very unlikely to be true that middle-income people will get a tax break in a Romney administration.

The tax break, which costs about $1 billion a year, has been periodically renewed by Congress with support from both parties.

April 19, 2024tortuous

[tawr-choo-uhs ]

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