5 Major Tax Expenditures
| Estimated Tax
Revenue Foregone
(FY 2013) |
|---|
| 1. Exclusion of employer contributions for medical insurance and care * |
$314 billion |
| 2. Exclusion of pension contributions and earnings ** |
$158 billion |
| 3. Deduction of mortgage interest on owner-occupied homes with loan values up to $1 million |
$93 billion |
| 4. Lower rates on dividends and long-term capital gains |
$82 billion |
| 5. Deduction for state and local taxes |
$64 billion |
| Total |
$711 billion |
SOURCE: Data from the Office of Management and Budget, The President's Budget for Fiscal Year 2014, April 2013.
* Includes the exclusion from payroll taxes and income taxes.
** Includes employer pension plans, employee and employer contributions to 401k plans, IRAs, and Self‐Employed plans.
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Peter G. Peterson Foundation Chart Pack:
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