from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The act of deducting; subtraction.
- n. An amount that is or may be deducted: tax deductions.
- n. The drawing of a conclusion by reasoning; the act of deducing.
- n. Logic The process of reasoning in which a conclusion follows necessarily from the stated premises; inference by reasoning from the general to the specific.
- n. Logic A conclusion reached by this process.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. That which is deducted; that which is subtracted or removed
- n. A sum that can be removed from tax calculations; something that is written off
- n. A conclusion; that which is deduced, concluded or figured out
- n. The ability or skill to deduce or figure out; the power of reason
- n. A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true.
- n. A conclusion reached by this process
from the GNU version of the Collaborative International Dictionary of English
- n. Act or process of deducing or inferring.
- n. Act of deducting or taking away; subtraction.
- n. That which is deduced or drawn from premises by a process of reasoning; an inference; a conclusion.
- n. That which is or may be deducted; the part taken away; abatement.
from The Century Dictionary and Cyclopedia
- n. A drawing or tracing out and setting forth.
- n. The act of deriving; derivation.
- n. In logic, derivation as a result from a known principle; necessary inference; also, the result itself, as so concluded.
- n. The act of deducting or taking away; subtraction; abatement: as, the deduction of the subtrahend from the minuend; prompt payment will insure a large deduction.
- n. A payment; a statement of payments.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
- n. the act of subtracting (removing a part from the whole)
- n. an amount or percentage deducted
- n. something that is inferred (deduced or entailed or implied)
- n. reasoning from the general to the particular (or from cause to effect)
- n. the act of reducing the selling price of merchandise
Sorry, no etymologies found.
Since the objective deduction is about the conditions of representations having objects, a better name for it might have been ˜deduction of the object™.
The NYT article I linked to earlier discusses how the deduction is a partial cause of an overinflated residential housing market, and a real market distortion, unlike the fake ones that the libertarians on here are bleating about.
You seem to be saying the deduction is a wash as between buyer and seller, because the buyer is ultimately a seller.
If a deduction is the same as a penalty, then provide a deduction, and avoid the argument of those who object to a penalty line.
But that kind of deduction is almost purely an afterthought.
In general, except for the expenses described above, no deduction is allowed for lobbying expenses paid or incurred after December 31, 1993.
And the mortgage interest deduction is one of the biggest, 76 billion.
If the goal of the deduction is just to increase homeownership, then it would make far more sense just to give a flat tax credit to people who buy homes.
Yes, the transcendental deduction is not and cannot be based on direct evidence.
Problem #5: The home mortgage interest deduction is poorly designed to encourage homeownership, which is, after all, the alleged desideratum.
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