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 ...
Though government workers pay taxes, they should be counted as welfare recipients, they are grossly overpaid... Add fifteen percent to that number... We are indeed doomed.
Bet these numbers are cooked and steamed.
Pray America is waking
Us too and always have been. Ain’t it grand?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.