The Monkey Cage blog recently posted on an article by Suzanne Mettler which, in part, reports the percentage of the American public estimated to benefit from a particular government social program but say that they “have not used a government social program”. The table, in part, is reproduced here:
|Home mortgage interest deduction||60.0%|
|Hope or Lifetime Learning Tax Credit||59.6%|
|Child and Dependent Tax Credit||51.7%|
|Earned income tax credit||47.1%|
|Social Security – Retirement and Survivors||44.1%|
In other words, 60% of the American public 1) takes advantage of the mortgage interest deduction on their taxes and 2) either isn’t aware that it’s a kind of “government social program” or does not want to admit taking advantage of such a program.
Food for thought…