Research Report Who Benefits from Tax Expenditures?
Roberton C. Williams
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The federal income tax is replete with tax expenditures, provisions that grant special benefits to selected taxpayers or for selected activities. Exclusions and deductions reduce taxable income, preferential rates cut the tax on specific types of income, and tax credits are subtracted directly from tax liability.
Research Areas Taxes and budgets
Tags Individual taxes Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center