"In fiscal year 2013, tax breaks cost the federal government an estimated $1.13 trillion1 – just slightly less than all discretionary spending, and substantially more than the budget deficit in the same year. In fact, according to the Tax Policy Center, 4,000 taxpayers in the top 1 percent will owe no income tax at all in 2013, thanks in large part to tax breaks that help them reduce their tax liability down to zero."
Posted on: Tue, 17 Sep 2013 16:16:44 +0000
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