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Distribution of Major Tax Expenditures in the Individual Income Tax System
Our Price:
$
20.00
By
Edward Harris (au); Joshua Shakin (au)
Year:
2013
Pages:
31
Binding
Paperback
ISBN
978-1-4578-4651-9
Product Code:
1457846519
Description
A number of exclusions, deductions, preferential rates, and credits in the federal tax system cause revenues to be much lower than they would be otherwise for any given structure of tax rates. Some of those provisions in both the individual and corporate income tax systems are termed tax expenditures because they resemble federal spending by providing financial assistance to specific activities, entities, or groups of people. Tax expenditures, like traditional forms of federal spending, contribute to the federal budget deficit; influence how people work, save, and invest; and affect the distribution of income. This report examines how 10 of the largest tax expenditures in the individual income tax system in 2013 are distributed among households with different amounts of income. Figures and tables. This is a print on demand report.
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