Most American Receive More from the Government Than They Pay in Taxes

Pixabay
image_pdfimage_print
More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps and Social Security) than they pay in federal taxes.  The Congressional Budget Office reports that only the top 40% income earners in the US pay more in taxes than they receive in government transfers.  Ludwig von Mises once noted that once we get to the point that a majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more and more wealth be transferred to them through government programs. It will then become politically necessary to extract larger and larger amounts of wealth from a minority in order to subsidize the majority.

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.

According to a report released this year by the Congressional Budget Office, only those in the top forty-percent income brackets in the United States pay more in taxes than they receive in government transfers.

Not surprisingly, the lowest income brackets receive far more in transfers than they pay in taxes:

In the lowest quintile (on-fifth or 20% of the total), households pay only $400 in taxes (as of 2014, the most recent data available) while receiving more than $16,000 in various types of tax-funded transfer payments.

Read full article here…

Related Post

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

Immigration

London: Islamic Terrorist Who Stabbed 2 People to Death Was an Ex-Convict Who Was Attending a Cambridge University Event on ‘Prisoner Rehabilitation’

December 2, 2019 CBS, et al. 1

Usman Khan, 28, a convicted terrorist, was attending a University of Cambridge conference for a program that works to rehabilitate prisoners. He is accused of stabbing and killing two people and injuring three more. He was wearing a fake explosive suicide vest. The attack comes just two weeks before a major election.

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

2
Leave a Reply

avatar
1 Comment threads
1 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
gordon kistlerJoe Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Joe
Guest
Joe

We were knocking ourselves out trying to survive and I drove to the government office for business. What I saw sickening me. Inside were immigrant men applying for welfare. And what is the lie we’re told? They’re coming here to work? Not a chance. They’ve likely been told they can come to America and receive welfare since they’re mostly all on it. How are we going to continue this as more and more migrants come here?

Remember that the next time your legs and back ache from working a 70-80 hour workweek.

gordon kistler
Guest
gordon kistler

I live in the wilderness, I have no need of money. I produce everything I need. this is my cousin’s laptop that I am on now.