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The federal government will dole out more than $900 billion in the top 10 tax breaks this year, according to a report Wednesday from the Congressional Budget Office that found the benefits go disproportionately to the poor and the rich.
Indeed, the poorest 20 percent of Americans get about 12 percent of their income from the tax breaks, while the richest 20 percent get nearly 10 percent of their income from the special carve-outs, CBO said. Those in the middle get less than 8 percent of their income back in tax breaks.
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