Tax credits, deductions, and exclusions raise after-tax income for nearly everyone
To reduce the deficit, tax subsidies should be thought of as spending.
Most of the businessmen in the two top income brackets are not the lawyer or corner grocer who files Schedule C.
The tax break will reduce federal revenues by $131 billion in 2012 -- but is it effective in fostering home ownership?
Americans are known for their conspicuous consumption habits. But has the urge to spend brought on some of the post-housing crisis, post-recession activism, like the 'Tea Party' movement?