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frankzappa

What are the biggest tax breaks?

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Part of the reason the U.S. tax code is so complex is the bewildering thicket of tax breaks and deductions added by lawmakers over the years. The largest of those, according to the Pew Research Center, is the exemption for employer-paid health care and health insurance, which totals well over $150 billion a year.

Other major tax expenditures include lower rates on income from capital gains, exemptions for retirement contributions, and the beloved mortgage interest deduction, which costs the government nearly $64 billion a year.

washingtonpost.com

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