by: eduardo l.

By:

Eduardo l.

Percent In World Lines Above-the-line deductions are generally more advantageous for a

taxpayer than so-called below-the-line deductions. Below the line deductions are subtracted from a taxpayer's adjusted gross income. Above-the-line deductions are not subject to income-sensitive phase outs or limitations. Certain below the line deductions, by contrast, are phased out for wealthy taxpayers pursuant to Internal Revenue Code Section 68. Additionally, certain below the line deductions may be taken only if they exceed a certain percentage of adjusted gross income. For example, medical and dental expenses are below the line deductions pursuant to Internal Revenue Code Section 67. These expenses may only be deducted, however, to the extent they exceed 7.5% of a taxpayer's adjusted gross income. See, Internal Revenue Code Section 213. Accordingly, if a taxpayer had an adjusted gross income of $100,000 and medical expenses of $8,000, he or she would only be entitled to deduct the amount by which these expenses exceed 7.5% of $100,000, or $7,500. Because these expenses exceed $7,500 by only $500, the taxpayer is only entitled to a $500 deduction. Above-the-line deductions are also preferred because they can be taken by ALL taxpayers regardless of whether they take standard or itemized deductions (see attached tax ladder). Moreover, they are desirable because they reduce adjusted gross income (AGI). Generally, the smaller the AGI, the greater the percentage of deductibility of itemized deductions.

Above the line A thin line separates success from failure, the

great companies from the ordinary ones. Below The Line lies excuse making, blaming others, confusion, and an attitude of helplessness, while Above The Line we find a sense of reality, ownership, commitment, solutions to problems, and determined action. While losers languish Below The Line, preparing stories that explain why past efforts went awry, winners reside Above The Line, powered by commitment and hard work. The Steps To Accountability®Chart helps you visualize the difference between Below The Line victimization and Above The Line accountability. 

ResponsibleResponse-Ability is the ability to respond to things that happen in your life. When you sit back and accept things that happen to you, you are allowing circumstances of life to control you rather than taking control of what circumstance come in and out of your life.

When you take action, you make life happen for you.

You have the ability to CHOOSE how you will RESPOND. You can choose to respond in a positive way that leads to successful outcomes, or you can choose to live below the line and not reach your potential.

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Below The Line "Bottom line" behaviors (cheating, foul

language, lying, physical harm, stealing, threats, vandalism, or weapons) are not tolerated and are given a consequence that "fits the offense."  Consequences may range from writing an apology, to replacing an item, to a time-out, to meeting with Mr. Mukavitz or the school liaison police officer.  A behavior sheet (shown above) will go home. which will explain the behavior and consequence.  Parents are asked to discuss the behavior with their child and come up with possible "Fix-Its."  These should be written on the back of the form.  The signed form must then be returned to school the next day.

cheater Cheating refers to an immoral way of achieving a goal. It

is generally used for the breaking of rules to gain unfair advantage in a competitive situation. Cheating is the getting of reward for ability by dishonest means. This broad definition will necessarily include acts of bribery, cronyism, sleaze, nepotism and any situation where individuals are given preference using inappropriate criteria.[Medical Education 1] The rules infringed may be explicit, or they may be from an unwritten code of conduct based on morality, ethics or custom, making the identification of cheating a subjective process. Cheating can refer specifically to marital infidelity. Someone who is known for cheating is referred to as a cheat in British English, and a cheater in American English. A "cheat" does not have to cheat all the time, but once faced with a challenge that they do actually want to win, they will go back to their cheating strategies.

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