Likewise, the Child and Dependent Care Tax Credit, which I do not depict in a graph, is heavily tilted towards more affluent families: The top quintile of income receives 35 percent of the total expenditure whereas the lowest
quintile receives 1 percent.
The CBO estimates that the top
quintile receives 51 % (Top 1 %: 17 %) of the 10 selected major federal tax breaks.
Two of the books considered here cite data showing that the quintile of U.S. citizens with the highest income receives nearly 50 percent of all income, while the lowest
quintile receives less than 4 percent.
Not exact matches
This chart shows the net redistribution
received by each
quintile, expressed as share of total income:
The independent think tank stated: «Among those born in the 1970s, 87 % of those in the top income
quintile have
received or expect to
receive an inheritance, compared with 58 % of those in the bottom income
quintile.»
The Child Tax Credit could remain, but would need to become fully refundable and applicable to payroll taxes (Social Security and Medicare) to allow families in the lowest
quintile of income to
receive at least their prorated share of benefits.
[12] Virtually no benefits are
received by families in the top two income
quintiles.
Investors who pay up for stocks in the more expensive
quintiles appear to be getting short - changed; they
receive less in earnings and returns with similar growth rates as those buying cheaper stocks.
According to Statistics Canada, 36 % of families in the wealthiest
quintile of the population have
received an inheritance; the average amount of that inheritance was $ 136,000.
Received Quintiles IT Spot Bonus award for displaying a level of excellence and professionalism in going above and beyond normal job responsibilities.
For each item on the NNNS, children whose item score was in the upper or lower (depending the direction of scoring)
quintile of respondents
received a code of «1» to indicate an extreme score.