Problem
By the numbers. Tax deductions and tax credits are one way to subsidize individuals to spend their money in ways that create positive externalities, such as contributions to charities or saving for their children's education. How much did Americans claim in itemized charitable deductions on their federal income tax in the most recent available year? If the average person claiming a tax deduction was in the 25 percent bracket, how much did this subsidy cost the government?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.