$900 billion in tax breaks, and more

The 10 biggest tax breaks will save American taxpayers more than $900 billion this year.

$900 billion in tax breaks

The 10 biggest tax breaks will save American taxpayers more than $900 billion this year, with 51 percent of the benefits going to the richest 20 percent of households, according to a new report by the Congressional Budget Office. The wealthiest 1 percent—those with at least $327,000 in annual income—got 17 percent of these tax benefits.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us