Costs and expenses relating to exemptincome could be deducted when the taxable income is calculated, unless otherwise specified.
计算应纳税所得额时可扣除豁免收入的成本和费用,除非法律另有规定。
2
Their interest income is except from federal income taxation. The interest income also is exempt from state and local taxation in the issuing state.
市政债券的利息收入不用交纳联邦利息税,利息收入在所发行的州也不用交纳州和地方所得税。
3
Another would repeal the ability of U.S. companies that derive at least 80% of their income from foreign business to treat interest and dividends as exempt from U.S. withholding tax.