Sunday, May 1, 2011

The Cost Of Some Tax Breaks

See The 3 Biggest Tax Breaks — and What They Cost Us, from the NY Times magazine, 4-17-11.

It shows that the Exclusion for Employer-Provided Health Insurance costs about 0.7% of GDP. That probably works out to about $100 billion.

It then shows a graphic where the top 1% of households get about $6,000 from the Mortgage-Interest Deduction while the typical middle-income family gets about $215.

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