Income Extremes Reap Most Benefit From Tax Breaks: CBO
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The highest-income and lowest-income households receive the most benefit from 10 of the largest U.S. tax breaks, according to a Congressional Budget Office report released today.
Households in the bottom 20 percent of U.S. income distribution receive 11.7 percent of their after-tax income from the breaks, relying on benefits such as the earned income tax credit.