The reasoning was close and intense, but the deductions appeared to me to be far-fetched and exaggerated.
Like all other arts, the Science of Deduction and Analysis is one which can only be acquired by long and patient study nor is life long enough to allow any mortal to attain the highest possible perfection in it.
Yes, I have a turn both for observation and for deduction.
Those rules of deduction laid down in that article which aroused your scorn, are invaluable to me in practical work.
But you spoke just now of observation and deduction.
For example, observation shows me that you have been to the Wigmore Street Post-Office this morning, but deduction lets me know that when there you dispatched a telegram.
It is simplicity itself," he remarked, chuckling at my surprise,--"so absurdly simple that an explanation is superfluous; and yet it may serve to define the limits of observation and of deduction.
If we balance a proper
deduction from one side against that which it is supposed ought to be made from the other, the proportion may still be considered as holding good.
Similarly, if you own rental property that's not subject to passive-activity loss limitations, paying your children to paint or cut the grass at the rental property produces
deductions to offset the rental income.
One half of all homeowners do not claim
deductions at all.
BizMile Tracker Software Revolutionizes How Mileage
Deductions Are Logged for Business, Medical and Charity Use of Personal Cars by Helping Them Recreate Accurate Mileage Logs That Meet IRS Standards.
With such an arrangement, one could imagine a taxpayer generating after-tax gains via high-bracket
deductions and tax-free interest payments.
Some
deductions allowed for regular tax purposes are disallowed in the computation of AMT; one such item is taxes.
Suspension of the 100 percent taxable income limit on percentage depletion
deductions for oil and gas production from marginal properties;
Excess charitable contribution
deductions can be carried forward for up to an additional five years.
