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tax deduction

A name for annoying children, generally in an urban setting where they are not generally tolerated.
Take your filthy little tax deductions out of Manhattan and back to Jersey where they belong.
by tolstoy November 2, 2007
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tax deductible charity organizations

the most stupid fucking thing that pisses the fuck out of me
i hate tax deductible charity organizations
by frsky May 30, 2008
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spending reductions in the tax code

A tax hike.

See also: Jon Stewart's segment, "Slashdance" on The Daily Show aired 4/14/2011.
"My plan will require us to come together and make up the additional savings with more spending cuts and more spending reductions in the tax code." -President Obama is his deficit speech on 4/13/2011.
by justiferous May 6, 2011
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