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Wednesday, May 29, 2013

Richest 20 percent get half the overall savings from U.S. tax breaks, CBO says - The Washington Post


The 10 largest breaks in the U.S. tax code will save taxpayers more than $900 billion this year, with just over half the benefits flowing to the richest 20 percent of households, congressional budget analysts said Wednesday.
And the richest 1 percent of households, those with at least $327,000 in annual income, get an especially big haul — about 17 percent of the total savings, according to the report by the nonpartisan Congressional Budget Office.


Richest 20 percent get half the overall savings from U.S. tax breaks, CBO says - The Washington Post

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