But you spoke just now of observation and deduction. Surely the one to some extent implies the other."
"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. Observation tells me that you have a little reddish mould adhering to your instep.
"Yes, I have a turn both for observation and for deduction. The theories which I have expressed there, and which appear to you to be so chimerical are really extremely practical -- so practical that I depend upon them for my bread and cheese."
Those rules of deduction laid down in that article which aroused your scorn, are invaluable to me in practical work.
I pondered over our short conversation, however, and endeavoured to draw my deductions from it.
The reasoning was close and intense, but the deductions appeared to me to be far-fetched and exaggerated.
The little that was left in the world, when all these deductions
were made, it was Mrs General's province to varnish.
123(R), a company's book expense on an option exercise is greater than the tax deduction
, the difference, adjusted for taxes, is applied against the existing APIC pool.
199, enacted to replace the phase out of the extraterritorial income regime (ETI), and the centerpiece of the American Jobs Creation Act of 2004, permits taxpayers to claim a domestic manufacturing deduction
(DMD) from taxable income attributable to certain domestic production activities.
By donating a conservation easement in perpetuity to a qualified organization such as Preservation Easement Trust, Inc., the property owner may qualify for a charitable contribution deduction
for federal income tax purposes.
[sections] 1.861-8(e)(9)(iv), which has been in effect since 1977, provides that the deduction
for charitable contributions allowed by section 170 will "generally" be considered as not definitely related to any gross income.
31 and take the deduction
this year," Stanton says.
Under the new, as well as prior, tax law, taxpayers can either take a standard deduction
or itemize deductions
on Schedule A of IRS Form 1040.
Investment interest expense deduction
 57,045 1.3