60% Of Households Get More Benefits Than They Pay In Taxes

zero hedge ^ | 11-18-2014 | Mark Perry

[Citizen Zed]

That’s 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.

[Citizen Zed]

[rktman]

Figures I’d end up in the 40%. But I feel good about myself. LOL!

[4Liberty]

So wrong. And the Rats STILL say tax burdens on producers are too low!!

[Gay State Conservative]

...and the bitter clingers think this is a *bad* thing!

[Kozak]

We’re doomed.

[VRWC For Truth]

$18T in debt and counting ...

[Bobalu]

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.

[FreedomStar3028]

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.

[jsanders2001]

So 40 % pay 100 % of FedGov’s bills, eh? I’m a 40 %’er too

[barmag25]

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.

[Veggie Todd]

I’m surprised it’s that low.

[Freedom_Is_Not_Free]

bump

[Freedom_Is_Not_Free]

bttt

[Secret Agent Man]

makers vs takers.

it’s what it boils down to.

[A CA Guy]

Add to that families whose employment is government based and you get the Democrat entitlement mentality.

[dalereed]

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.

[Nailbiter]

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.

[Smokin' Joe]

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).

[sten]

actually, no.

20% pay 100% of the fed bill. the 60-80% group breaks about even

[polymuser]

Who is John Galt?