The 10 biggest breaks, deductions and credits in the U.S. income tax code are costing the Treasury $900 billion this year, with more than half of that total benefiting the wealthiest 20 percent of taxpayers.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. The economy added 165,000 jobs in April. That exceeded the expectations of economists. It also drove down the unemployment rate to a four-year low, 7.5 percent. Unfortunately, the biggest gains were in lower-paying fields like hospitality and temp agencies. And as the school year comes to a close and young people start looking, the question is will there be enough work for them. NPR's Sonari Glinton reports.
President Obama will touch on many issues during Tuesday’s State of the Union address, including the economy. While RichBlocksPoorBlocks.com has been around for over a year, it clearly shows the varying income levels across every city in the country.
Many religious traditions stress the importance of charity. But Mormons are remarkable for the amount and the precision with which they give to their church.
The Church of Jesus Christ of Latter-day Saints teaches that each Mormon in good standing should tithe 10 percent of his or her income. The money goes right to church headquarters in Salt Lake City and then is distributed back to congregations around the world.
"That's written in stone, and preached from the pulpit," says Gordon Dahl, an economist at the University of California, San Diego, who is Mormon.