|
Government Cash Handouts Now Top Tax RevenuesBy Elizabeth MacDonaldFoxBusiness.com Apr. 25, 2011 |
Popular 
IDF Soldier Takes Sledgehammer to Jesus Statue During Operations in Lebanon
Trump Expected to Pick Kevin Warsh, Son-in-Law of Zionist Billionaire Ron Lauder, as Fed Chair
Mark Levin and Jonathan Pollard Push for Nuking Iran
Trump Threatens Iran With Genocide If They Won't Meet His Demands: 'A Whole Civilization Will Die Tonight'
Trump Says U.S. Sent 'A Lot of Guns' to Iranian 'Protesters'
|
 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. Also, an estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. An estimated 46.5 million get Social Security; 42.6 million get Medicare; 42.4 million get Medicaid; 36.1 million get food stamps; 12.4 million get housing subsidies; and 3.2 million get Veterans' benefits. Read More |
