A 1 percentage point reduction in tax rates increases investment by 4.7 percent of installed capital, increases payouts by 0.3 percent of sales, and decreases debt by 5.3 percent of total assets. (marginalrevolution.com)
It's not as good as a dollar for dollar reduction in your tax liability, but it can reduce how much you owe over all. (freefrombroke.com)
They provide a dollar for dollar reduction in the tax you owe, while a deduction simply adjusts your income a little lower. (thebrokeprofessional.com)