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The Distribution of Major Tax Expenditures in 2019

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  • Congressional Budget Office

Abstract

CBO examined how the benefits from major tax expenditures in the individual income tax and payroll tax systems were distributed among households in different income groups in 2019. The agency estimates that those tax expenditures totaled about $1.2 trillion, or 5.8 percent of gross domestic product, and accounted for roughly three-quarters of the total budgetary effects of all tax expenditures that year. The size and distribution of benefits across the income scale varied considerably among each of the major tax expenditures in 2019.

Suggested Citation

  • Congressional Budget Office, 2021. "The Distribution of Major Tax Expenditures in 2019," Reports 57413, Congressional Budget Office.
    • Handle: RePEc:cbo:report:57413
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    File URL: https://www.cbo.gov/system/files/2021-10/57413-TaxExpenditures.pdf
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    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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