tax reduction and exemption

基本解释

Articles 4 and 5 of the Individual Income Tax Law specify tax exemptions and reduction for Individual Income Tax , For details, you may refer to the law.
个人所得税法第四条、第五条分别规定了免征和减征税款的个人所得，详细情况您可以参阅。
Yes, there are. Articles 4 and 5 of the Individual Income Tax Lawspecify tax exemptions and reduction for Individual Income Tax , Fordetails, you may refer to the law.
有。个人所得税法第四条、第五条分别规定了免征和减征税款的个人所得，详细情况您可以参阅。
Instead, it would use the savings it would garner by eliminating many of the loopholes and exemptions in America’s tax code to pay for big tax cuts, not deficit reduction.
实际上，按照该方案，通过堵住美国税收制度的漏洞和取消众多免税权这两种方法增加的收入将用于为大型减税项目买单，而不是为削减赤字买单。

On the positive side, it would seem that, thanks to the often substantial increase in the basic allowance and the reduction or removal of exemptions, fears that the flat tax reforms would greatly reduce personal-income tax progressivity—the notion according to which economic agents should pay higher effective tax rates the more they earn—have been overblown.
ECONOMIST: Will more of eastern Europe adopt flat-rate tax regimes?