The expenses or property arising from the use of the tax-free income of an enterprise shall not be deducted and may not be depreciated or amortized.

企业的不征税收入用于支出所形成的费用或者财产，不得扣除或者计算对应的折旧、摊销扣除。

youdao

There is a threshold level of income which is completely free of income tax.

完全不用支付所得税有一个基准。

youdao

Does this individual really live free of any income-tax burden?

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It also excludes behavioral changes, and I suspect lots of high-earners would turn more of their income into tax-free gains.

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Precisely the free-market policies of deregulation and lower marginal income-tax rates that Mr. Obama decries.

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