With the unnecessarily painful rhetoric surrounding the U.S. “debt ceiling” subdued we can turn our attention to the revenue increases and spending cuts needed to lower annual fiscal deficits.

Spending cuts are a matter of debate (will a government-funded midnight basketball league keep youths off the streets and, thus, lower petty crimes such as vandalism?) but revenue increases are pretty straightforward – either increase taxes or eliminate deductions.

What benefits do you hold dear?  Contributions to your 401(k)?  Health insurance provided by your employer?  Mortgage interest?  All are potentially on the Congressional chopping block.

AdvisorOne takes a look at the 10 biggest tax breaks and their impact on revenue.