High-income taxpayers get the most value from the group health tax exclusion and other major tax breaks.
Edward Harris and Joshua Shakin, analysts at the Congressional Budget Office, make that point in a new report on "tax expenditures," or exclusions, deductions, preferential rates and credits that lower federal tax revenue.
The analysts put a budget-cutting bull's-eye on the tax expenditures by dividing households into "quintiles," or fifths, by income, and then showing how much value each quintile gets from 10 costly tax expenditures.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
