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I think you mean tax credit instead of tax deduction, and even then there is a substantial difference from a fiscal perspective.
by junofan 4y ago
I think you mean tax credit instead of tax deduction, and even then there is a substantial difference from a fiscal perspective.
- gruez 4y ago>I think you mean tax credit instead of tax deduction Tax deductions are equivalent to tax credits once you factor in the marginal tax rate. >and even then there is a substantial difference from a fiscal perspective. Specifically... how? Giving a company a $1M check has the same effect on the government's balance sheets as giving them a $1M tax credit, given the assumptions listed in my previous comment.