Tax benefits for housing not as large as previously thought

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August 21, 2014

Recent research  conducted by several University of Illinois experts in urban economics indicate that housing tax benefits aren’t as outsized as previous research found, Phys.org reports. The existing system of tax benefits for housing created national economic waste of $7 billion per year, which is substantially smaller than other estimates by economists recently that go up as high as the $16 billion to $36 billion range.

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