tax credits vs income tax reductions

16:45 Feb 28, 2020
English to Polish translations [PRO]
Bus/Financial - Law: Taxation & Customs
English term or phrase: tax credits vs income tax reductions
A “revenue-neutral” carbon tax is an interesting variant on the basic idea. Under it, money collected from carbon producers goes not to the government, but directly to people. Nordhaus worked with the government of the Canadian province of British Columbia on a revenue-neutral carbon tax that went into effect in 2008; it established an initial tax of ten Canadian dollars per ton of carbon dioxide and returned the money to BC residents in the form of tax credits and income tax reductions.

Muszę wprowadzić jakieś rozróżnienie, więc sama "ulga podatkowa" nie załatwi sprawy...

Dzięki z góry!
warsaw_guy


Summary of answers provided
4ulgi podatkowe vs obniżenie podstawy opodatkowania
Ludwika Pilat
4ulgi podatkowe vs. obniżenia podatków
Kamila Ołtarzewska
3ulgi podatkowe / odliczenia od podatku dochodowego
Sebastian Siemieniec
3ulgi podatkowe vs. sumy odliczone na podatki
Frank Szmulowicz, Ph. D.


  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
ulgi podatkowe vs. sumy odliczone na podatki


Explanation:
I think this is credits and deductions.

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Tax credits and tax deductions may be the most satisfying part of preparing your tax return. Both reduce your tax bill, but in very different ways.

Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000, for instance, lowers your tax bill by the corresponding $1,000.
Tax deductions, on the other hand, reduce how much of your income is subject to taxes. Deductions lower your taxable income by the percentage of your highest federal income tax bracket. So if you fall into the 22% tax bracket, a $1,000 deduction saves you $220.
https://www.nerdwallet.com/blog/taxes/tax-credit-vs-tax-dedu...

Frank Szmulowicz, Ph. D.
United States
Local time: 05:21
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 96
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25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
ulgi podatkowe vs. obniżenia podatków


Explanation:

Słownik Jaślanów strona 510

Example sentence(s):
  • What has this got to do with child tax credits? And if they did work, the tax credit led them to reduce their hours 20 percent.

    https://www.diki.pl/slownik-angielskiego?q=tax+credit
Kamila Ołtarzewska
Poland
Local time: 11:21
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 8
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1 day 38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
ulgi podatkowe vs obniżenie podstawy opodatkowania


Explanation:
jak wyżej

Ludwika Pilat
Switzerland
Local time: 11:21
Native speaker of: Native in PolishPolish
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3 days 6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
ulgi podatkowe / odliczenia od podatku dochodowego


Explanation:
może tak?

Sebastian Siemieniec
United Kingdom
Local time: 10:21
Native speaker of: Native in PolishPolish
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