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1. A reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
   - tax write-off, tax deduction
    
2. An amount or percentage deducted
   - discount
    
3. Something that is inferred (deduced, entailed or implied)
   "his resignation had political deductions";
   - entailment, implication
    
4. Reasoning from the general to the particular (or from cause to effect)
   - deductive reasoning, synthesis
    
5. The act of subtracting (removing a part from the whole)
   "he complained about the deduction of money from their paychecks";
   - subtraction
    
6. A reduction in the selling price of something
   - discount, price reduction

Derived forms: deductions

Type of: abstract thought, adjustment, allowance, decrease, diminution, illation, inference, logical thinking, reasoning, reduction, step-down, write-down, write-off

Encyclopedia: Deduction