It has been suggested that tax policy favors deductions for AGI compared to deductions from AGI (Itemized Deductions). For this discussion, describe two (2) ways in which deductions for AGI are treated more favorably than itemized deductions.  Provide at least two (2) examples of each type of deduction (for AGI and from AGI)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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It has been suggested that tax policy favors deductions for AGI compared to deductions from AGI (Itemized Deductions).

For this discussion, describe two (2) ways in which deductions for AGI are treated more favorably than itemized deductions.  Provide at least two (2) examples of each type of deduction (for AGI and from AGI)

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