by Structured Settlement Watchdog
"Jester's" we got over our hangover from the mental gymnastics of Patrick Hindert's Joint Commitee on Taxation "Surprise Party" (click for our report), Bloomberg Business Week has come out with some statistics that make the structured settlement tax subsidy look like a tempest in a teapot.
- Mortgage interest deduction – $77 billion
- Earned income tax credit – $55 billion
- Child tax credit -$54 billion
- Charitable contributions -$35 billion
- Real estate tax deduction – $21 billion
- Medical deduction – $9 billion
The above stats represent the loss to the government for each of these tax breaks. Compare this to these "quaking" statistics:
- Value of exclusion for damages on account of personal injury $7.9 billion annually
- Structured settlement tax subsidy as measured by JCT $12.5 million annually

Hey, L'eggo My PAYGO!
Photo: Wikpedia
Leave a Reply