9/19/2011

Tax breaks for U.S. families at all income levels have increased in recent years to exceed those given to businesses. Largely because of these expansions in tax breaks, for things like college and retirement savings and mortgage-interest deductions, the amount of money that the federal government spends on tax incentives, at $1.08 trillion, is nearly the same amount as the total income tax revenue it collects. Of that total, about 8% went to corporations.

Related Summaries