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Thursday, May 5, 2011

Who Benefits From Tax Expenditures?

Roberton Williams (Tax Policy Center) has published Who Benefits From Tax Expenditures?, 131 Tax Notes 511 (May 2, 2011):

Overall, tax expenditures give more benefits to high-income households relative to income but are roughly proportional to tax liabilities. The top quintile collects 55% of all income, pays 67% of all taxes, and gets nearly 65% of the value of tax expenditures. Middle-income households earn slightly more than 40% of all income, pay one-third of taxes, and get one-third of tax benefits. The poorest quintile of households receives slightly less than 4% of both income and benefits from tax expenditures but pays only 0.5% of federal taxes, largely because refundable credits offset almost all their tax liabilities.

Table 

http://taxprof.typepad.com/taxprof_blog/2011/05/who-benefits-.html

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