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.
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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.
