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May 30, 2013

Report: Richest 20% Yield Bulk of Tax Breaks 
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New figures show the richest 20 percent of U.S. taxpayers will reap the
benefits of more than half the nation's tax breaks. A report by the
Congressional Budget Office says the richest 1 percent, those making
more than $327,000 a year, will also collect around 17 percent of total
savings. The CBO concludes: "Higher-income households benefit
significantly more from tax expenditures in dollar terms than do lower
income households."

 

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