We should firmly implement the report system of tax deduction and exemption.

坚决执行减免税申报制度。

youdao

Any tax deduction or exemption beyond the power thereof shall be resolutely prevented and curbed.

要坚决防止和制止越权减免税。

youdao

First, every deduction and exemption has supporters those who save billions of dollars in taxes from the existing law.

FORBES: Ignore the Election to Forecast the Economy

That is the point at which gross income begins to exceed the standard deduction and the deduction for the personal exemption.

FORBES: The Hidden Tax Lesson In Chief Justice Roberts' Obamacare Ruling

In the second scenario, however, we modeled a revenue-neutral plan that eliminated the taxes-paid deduction and municipal bond exemption while lowering income tax rates across the board.

FORBES: For the Sake of Tax Reform, The Muni Bond Exemption (and State Tax Deduction) Must Go