Why boats get tax breaks
How one tax break, originally designed to encourage home-ownership for middle-class Americans, continues to allow the rich to write off vacation homes and yachts.
CREDIT: Sohail Al-Jamea, Patterson Clark, Karen Yourish - The Washington Post. Published July 22, 2011.
There are a lot of numbers being thrown around in the debate over who pays what in taxes. These graphics examine what's behind those numbers.
The U.S. government gives away more than $1 trillion a year in tax breaks -- subsidies for individuals and companies that are often substitutes for direct government spending. Once written into the tax code, they tend to stick around.