I hope are poised over your fainting couches in preparation for this shocking news:
Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and charitable giving, the government said in a study Wednesday.Bookmark this for the next time you hear some rich fuck with platinum bootstraps bellowing about how the government never gave him anything.
More than half the benefits of 10 major tax breaks go to the one-fifth of U.S. households at the top of the income scale, according to the Congressional Budget Office.
The top 1 percent of earners reaps 17 percent of these tax breaks, which also include preferential treatment of investment income and the deduction for sales and income taxes paid to state and local governments.
[H/T to Shaker GoldFishy.]
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