Tax Cuts, Types, and How They Work

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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.

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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



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