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Government Cash Handouts Now Top Tax Revenues
4 posters
Government Cash Handouts Now Top Tax Revenues
Government Cash Handouts Now Top Tax Revenues
U.S. households are now getting more in cash
handouts from the government than they are paying in taxes for the
first time since the Great Depression.
Households received $2.3 trillion in some
kind of government support in 2010. That includes expanded unemployment
benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things.
But that’s more than the $2.2 trillion
households paid in taxes, an amount that has slumped largely due to the
recession, according to an analysis by the Fiscal Times.
And the handouts from the government have
been growing. Government cash handouts account for a whopping 79% of
household growth since 2007, even as household tax payments--for things
like the income and payroll tax, among other taxes--have fallen by $312
billion.
That is a tough feeding trough to take away from voters.
Read more: http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/#ixzz1K6WvwE2X
U.S. households are now getting more in cash
handouts from the government than they are paying in taxes for the
first time since the Great Depression.
Households received $2.3 trillion in some
kind of government support in 2010. That includes expanded unemployment
benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things.
But that’s more than the $2.2 trillion
households paid in taxes, an amount that has slumped largely due to the
recession, according to an analysis by the Fiscal Times.
And the handouts from the government have
been growing. Government cash handouts account for a whopping 79% of
household growth since 2007, even as household tax payments--for things
like the income and payroll tax, among other taxes--have fallen by $312
billion.
That is a tough feeding trough to take away from voters.
Read more: http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/#ixzz1K6WvwE2X
Guest- Guest
Re: Government Cash Handouts Now Top Tax Revenues
If they could find a way to bring our jobs back they wouldn't have this problem.
stilllooking- Premium Poster
- Posts : 330
Join date : 2011-02-12
Location : Central Illinois
Job/hobbies : Taking care of my dogs
Re: Government Cash Handouts Now Top Tax Revenues
Fox chooses to use the word "handouts" for unemployment benefits, Social Security, Medicaid etc. Nothing new there.
truth- Premium Poster
- Posts : 470
Join date : 2011-02-18
Re: Government Cash Handouts Now Top Tax Revenues
I am going to take this a large grain of salt since it is a foxbusiness.com source.
pugsrit- Premium Poster
- Posts : 212
Join date : 2011-02-17
Location : Missouri
Job/hobbies : family time, pets and arts and crafts.
Re: Government Cash Handouts Now Top Tax Revenues
And this data shows that THERE ARE NO JOBS!!!!!
Guest- Guest
Re: Government Cash Handouts Now Top Tax Revenues
there are 114 million households....
3.2 trillion / 114 million = 28,000$ per household, i did not get my 28,000$ maybe my math is wrong????
3.2 trillion / 114 million = 28,000$ per household, i did not get my 28,000$ maybe my math is wrong????
elvis44102- Elite Poster
- Posts : 574
Join date : 2011-02-12
Re: Government Cash Handouts Now Top Tax Revenues
truth wrote:Fox chooses to use the word "handouts" for unemployment benefits, Social Security, Medicaid etc. Nothing new there.
Exactly!
Guest- Guest
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