Government Hands More Than $1 Trillion to Wealthy While Deficit Is $642 Billion

Government Hands More Than $1 Trillion to Wealthy While Deficit Is $642 Billion: "According to the report, lots of 1%ers will pay no taxes at all this year, while the country cuts jobs and services in the name of cutting the deficit.
“Ten major tax breaks that together total more than $750 billion in tax savings in 2013 are tilted heavily in favor of the top income earners; according to the Congressional Budget Office, 17% of the benefits from these major tax breaks go to the top 1% of households. In fact, according to the Tax Policy Center, nearly 1.2 million taxpayers in the top 1% will owe no income tax at all in 2013, thanks in large part to tax breaks that help them reduce their tax liability down to zero.”"