Noun
1. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
2. an amount or percentage deducted
3. something that is inferred (deduced or entailed or implied);
"his resignation had political implications"4. reasoning from the general to the particular (or from cause to effect)
5. the act of subtracting (removing a part from the whole);
"he complained about the subtraction of money from their paychecks"6. the act of reducing the selling price of merchandise