Round to the nearest integer: Your company had taxable revenues (inflow) in a year that was $5,500,000 and your deductible expenses (outflow) was $1,800,000. The depreciation of your assets is $445,00 An asset with an adjusted book ...
. These tax transfers increase families' disposable income by reducing their tax liability and are known as "tax expenditures." (The standard deduction and personal exemption in the income tax code also decrease families' taxable income.) Table 1. Expenditures of Major Need-Tested Benefit Programs,...