
Distribution of Tax Breaks
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
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The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
The growing federal debt could reduce family incomes substantially.
https://www.pgpf.org/Chart-Archive/0203_federal-debt-affects-income
Deficits would be even higher under an alternative fiscal scenario.
The federal debt is on an unsustainable path
Federal debt would grow rapidly if current policies were continued.
https://www.pgpf.org/chart-archive/0300_debt_current_policies
Solutions Initiative 2019: Projected Federal Debt
https://www.pgpf.org/chart-archive/0279_solutions_initiative_2019
There is one cap for national defense and another cap for non-defense programs.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.