Top 10 Individual Tax Breaks

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Here are the 10 biggest tax breaks for individuals, according to the U.S. Office of Management and Budget. The amounts are calculated for the government’s 2012-2016 fiscal years. Completely eliminating a tax break would not lead to government revenues rising by the exact amount of the tax break. Instead, the idea is that individuals would change their behaviors, and thus alter the level of revenue increases.

Next: Exclusion of employer contributions for medical insurance premiums and medical care


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