Sunday, April 19, 2015

9 charts that explain taxes in America - Vox

9 charts that explain taxes in America - Vox: "Americans get $1.3 trillion in tax breaks...

According to Joint Committee on Taxation data analyzed by the Pew Research Center, the government gave up an estimated $1.3 trillion this year by giving tax breaks to people and companies. (This is actually a little low, because it only counts tax breaks that account for $50 million or more.) The biggest breaks are for employers providing health insurance, and the dividends and capital gains taxes (which tax income at lower rates than if people earned it as salary), each account for more than $100 billion in waived taxes."

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