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Tax breaks totaled nearly $1.5 trillion in 2018. To put that in perspective, that’s more than the government spends on Social Security, Medicare, or defense.
https://www.pgpf.org/blog/2019/04/Six-of-the-Largest-Tax-Breaks-Explained
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
Six popular tax provisions accounted for a large majority of annual tax expenditures for individuals.
https://www.pgpf.org/chart-archive/0009_largest-tax-expenditures
The federal government collects revenue from a variety of sources.
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
https://www.pgpf.org/chart-archive/0054_tax-expenditures-comparison
The top 1 percent of taxpayers generate 26 percent of individual income tax revenues.
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
