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Research report

Tax Expenditures for Asset Building in 2014

C. Eugene Steuerle, Caleb Quakenbush
August 20, 2014
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Abstract

Government directs a large amount of resources toward helping families build assets in the form of home equity, retirement savings, human capital, and business ownership. This Tax Fact summarizes the cost of different asset-building tax subsidies. These tax expenditures total to more than $370 billion in 2014 and are projected to grow to more than $500 billion over the next 5 years. Deductions and exclusions for homeownership and retirement savings form the majority of subsidies, with education coming in a distant third. Smaller subsidies for small business and other personal savings round out the total.

Research Area

Individual Taxes Tax expenditures (individual)
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Meet the Experts

  • C. Eugene Steuerle
    Institute Fellow and Richard B. Fisher Chair
  • Caleb Quakenbush
    Research Associate I
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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