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