Friday, October 26, 2018
More than Half of America Gets More in Welfare than it Pays in Taxes
10/24/2018 Ryan McMaken
More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps, Social Security) than they pay in federal taxes.1
According to a report released this year by the Congressional Budget Office, only the top two income quintiles in the United States pay more in taxes than they receive in government transfers.
Not surprisingly, the lowest income quintiles receive far more in transfers than they pay in taxes:
Full Article Here
Posted by K at 1:07 PM