The reason is simple: with older Los-Angeles-class fast-attack submarines (built between 1972 and 1996) retiring at a faster pace than Virginia subs are added, the U.S. Navy will face a shortfall in the number of active vessels in the near future.
The IRS says most taxpayers use the standard deduction. The standard deduction amount is different for each filing status and is higher for blind taxpayers and those who are age 65 or older. The amounts are also adjusted for inflation each year. 2016 tax return standard deductions
Updated for Tax Year 2016. OVERVIEW. The standard tax deduction is a flat amount that the tax system lets you deduct, no questions asked. Tax deductions allow individuals and companies to subtract certain expenses from their taxable income, which reduces their overall tax bill.