Tax subsidies

Study Shows Wealthy Benefit Most from US Tax Subsidies

by Jeff Cameron September 23, 2010 Business

Wednesday, 22 Sep 2010
Reuters

Billions of dollars in U.S. tax breaks to encourage home ownership, retirement savings, business start-ups and education mostly benefit top income earners and do little to help low- and middle-income people build wealth, a report released Wednesday said.

The U.S. government spent nearly $400 billion, mostly through tax breaks, in 2009 to promote …

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