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13 December, 16:35

If the general objective of our tax system is to raise revenue, why does the income tax allow deductions for charitable contributions and retirement plan contributions?

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  1. 13 December, 16:42
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    This allows for individuals to be encouraged to undertake certain tasks that will better themselves and society as a whole. These deductions make it more likely that a person will give to charities as well as contribute income toward their needs at the end of their careers.
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