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60% Of Households Get More Benefits Than They Pay In Taxes
zero hedge ^
| 11-18-2014
| Mark Perry
Posted on 11/18/2014 10:52:28 PM PST by Citizen Zed
Thats correct, the CBO study shows that the bottom three income quintiles representing 60% of US households are net recipients (they receive more in transfer payments than they pay in federal taxes), the second-highest income quintile pays just slightly more in federal taxes ($14,800) than it receives in government transfer payments ($14,100), while the top 20% of American net payer households finance 100% of the transfer payments to the bottom 60%, as well as almost 100% of the tax revenue collected to run the federal government. Here are the details of that analysis.
(Excerpt) Read more at zerohedge.com ...
TOPICS: Chit/Chat
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To: Citizen Zed
Figures I’d end up in the 40%. But I feel good about myself. LOL!
2
posted on
11/18/2014 10:55:12 PM PST
by
rktman
(Served in the Navy to protect "their" rights so they can now try to infringe on mine. Weird huh?)
To: Citizen Zed
So wrong. And the Rats STILL say tax burdens on producers are too low!!
3
posted on
11/18/2014 11:03:54 PM PST
by
4Liberty
(Prejudice and generalizations. That's how Collectivists roll......)
To: Citizen Zed
...and the bitter clingers think this is a *bad* thing!
4
posted on
11/18/2014 11:13:54 PM PST
by
Gay State Conservative
(Jimmy Carter;No Longer The Worst President In My Lifetime)
To: Citizen Zed
5
posted on
11/18/2014 11:20:00 PM PST
by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
To: Citizen Zed
$18T in debt and counting ...
6
posted on
11/18/2014 11:36:04 PM PST
by
VRWC For Truth
(Roberts has perverted the Constitution)
To: Citizen Zed
Paying people to vote for you is illegal.
But that is EXACTLY what the democrat party is doing.
It will end badly.
The producers will eventually have to separate themselves from the takers.
7
posted on
11/18/2014 11:40:20 PM PST
by
Bobalu
(Hashem Yerachem (May God Have Mercy)
To: Bobalu
The takers will eventually try to TAKE everything from the producers. The producers will win.
You’re right, the American socialism experiment is going to end badly. But not for real Americans. People are waking up.
8
posted on
11/18/2014 11:49:29 PM PST
by
FreedomStar3028
(Somebody has to step forward and do what is right because it is right, otherwise no one will follow.)
To: rktman
So 40 % pay 100 % of FedGov’s bills, eh? I’m a 40 %’er too
To: Bobalu
Paying people to vote for you is illegal
Everything becomes legal if illegal activity will not be prosecuted. The last six years are a prime example.
10
posted on
11/19/2014 12:23:49 AM PST
by
barmag25
(There is nothing that a man needs that he can't find in the North Georgia mountains.)
To: Citizen Zed
I’m surprised it’s that low.
11
posted on
11/19/2014 12:44:20 AM PST
by
Veggie Todd
(The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
To: Citizen Zed
12
posted on
11/19/2014 12:52:56 AM PST
by
Freedom_Is_Not_Free
(Free goodies for all -- Freedom for none.)
To: Citizen Zed
13
posted on
11/19/2014 12:53:05 AM PST
by
Freedom_Is_Not_Free
(Free goodies for all -- Freedom for none.)
To: Bobalu
makers vs takers.
it’s what it boils down to.
14
posted on
11/19/2014 1:19:16 AM PST
by
Secret Agent Man
( Gone Galt; Not averse to Going Bronson.)
To: Citizen Zed
Add to that families whose employment is government based and you get the Democrat entitlement mentality.
15
posted on
11/19/2014 1:19:45 AM PST
by
A CA Guy
( God Bless America, God Bless and keep safe our fighting men and women.)
To: Citizen Zed
Being over 75 and collecting Social Security puts us in the 60%.
My wife and I have never gotten one cent from government except for Social Security in our lives but I guess we are still considered part of the leaches.
16
posted on
11/19/2014 1:26:00 AM PST
by
dalereed
To: dalereed
If you pay into the system, then take out of the system - you are not a leech.
Only those who have never payed in can be considered to be leeches.
Distinction that needs to be made.
To: dalereed
I think there is a distinct need to separate the things people paid all their life for from the things people think they should get just for breathing. Social Security is one of the former--paid for over decades, looted often by Congress to pick up for the tab from buying votes.
It is those who collect as if those of us who work and have worked owe them a living that are the problem, and at least some of those have no business here (illegals).
18
posted on
11/19/2014 1:51:38 AM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: jsanders2001
actually, no.
20% pay 100% of the fed bill. the 60-80% group breaks about even
19
posted on
11/19/2014 2:38:26 AM PST
by
sten
(fighting tyranny never goes out of style)
To: Citizen Zed
20
posted on
11/19/2014 3:17:58 AM PST
by
polymuser
( Enough is enough)
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