If he left the savings in for 15 years and took it out, his total tax saving would be $247.52.

Higher income families are the most likely to take their tax saving and start a new small business.

About 36 percent of the tax saving went to people with incomes over $50,000.

That would be a tax savings of a modest $75 to $140 to more than 66 million Americans.

That means tax savings could be smaller in future years.

The assessment on his house dropped from $74,300 to $64,600, for a tax saving of $450 a year.

More schools will probably have to close, many feel, before residents see any real tax savings.

As a result, the report said, their tax savings would be reduced by a total of $739.2 billion over the 10 years.

By so doing, the losses will provide a tax savings of up to 38.5 percent.

Thus, acting this year would result in tax savings of $244,800.