Tax Cuts, Types, and How They Work
Tax cuts occur in different forms. Governments can cut taxes on income, profits, sales, or assets. The cut can be a one-time rebate, a reduction in the overall rate, or a tax credit. Tax cuts also include tax deductions, loopholes, or credits.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: KIMBERLY AMADEO
Original Article Posted on: July 18, 2020
Link to Original Article: https://www.thebalance.com/tax-cuts-definition-types-and-how-they-work-3306328