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This is why Singapore, which wants motorists to be aware of the social cost of their driving, has deliberately designed a device that lights up with the amount being deducted from the driver's pre-paid card each time the vehicle passes an electronic toll gantry.
ECONOMIST: A survey of commuting
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With FSAs, employees can have a certain amount of money deducted from their paychecks, tax-free, for medical expenses.
FORBES: Fact and Comment
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All three figures - the gross amount, the tax deducted (or tax credit) and the net cash received - need to be entered into the form.
BBC: John Whiting, tax partner, Pricewaterhouse Coopers
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His first budget as president in 1993 limited the amount of executive pay that could be deducted from pretax earnings, so companies significantly increased stock options as a component of executive compensation.
FORBES: It's Bill Clinton's Fault LinkedIn Did Not Pay Taxes These Past Three Years
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Recent court cases and IRS regulations have more clearly defined the difference between a capital improvement that is depreciated and a repair that is currently deducted, moving away from the dollar amount as the criteria and towards the nature of the expense as the determining factor.
FORBES: Wandering Tax Pro Will Not Be Loved in Real Estate Community