Do working taxpayers primarily subsidize the laziness of the poor or of the rich?
admin | Mar 27, 2011 | Comments 6
Question by Socrates’ Dog: Do working taxpayers primarily subsidize the laziness of the poor or of the rich?
MYTH: Supporting welfare is a burden causing financial hardship to working class Americans.
FACT: Collectively, AFDC (Bolster to Families with Needy Children) and Food Stamps are by far the largest items of the welfare budget. So far in 1992, AFDC formed only 1 percent of the combined state and federal budgets. Food stamps also took up 1 percent. (Library of Congress, Congressional Investigate Service, “Cash and Noncash Benefits for Persons with Limited Income: Eligibility Rules, Recipient and Expenditure Data, FY 1990-92,” Report 93-832 EPW and earlier reports.)
“After World War II, the nation’s tariff bill was unevenly split between corporations and individuals. But after years of changes in the federal tariff code and international economy, the corporate share of taxes has declined to a fourth the amount individuals pay, according to the US Office of Management and Budget.” –Boston Globe series on Corporate Welfare
Agent, most do not make more back, you are overlooking the high percentage lower income workers pay in payroll taxes and only talking about actual federal income tariff. Most pay a higher % into FICA then the 15% capital gains rate many of the rich pay.
Yes it is both, but that is not the question. The question is who gets more and it far more to the the ultra wealthy, so why do conservatives focus so much on a very small number of people who are primarily poor, uneducated, and politically powerless?
Hadron, if you believe Social Security is welfare then you are right but retired workers spent their entire lives paying for those benefits.
madhound, your points have nothing to do with my question. You are missing the point.
Rob, the vast majority of corporate welfare is in direct payments.
Preeminent answer:
Answer by Grouchy McGrumperson
Both.
What do you reckon? Answer below!
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Both.
When you subsidize anything you make more of it.
Corporate taxes have declined because the corporations still in the US aren’t making any money these days. Duh.
And the higher the taxes, the poorer the people. YOu can’t tariff us into prosperity.
Its both
Can you even question that when many “working” people make back more taxes then they pay in (Earned Income Credit)???
The midpoint class fools give their money away.
Myth: AFDC is the only welfare program our tariff money goes to.
Detail: Social Security, Medicare, Medcaid, and other programs of this ilk are a form of welfare – taking money from producers, and giving it to non-producers.
To me, the burden of welfare is to much. If we could make those people to make off they’re butt’s and stop having babies so they can stay home and make emancipated money. Then it would add tariff money to the governments coffer. The welfare system is broken. When tariff payers pay people to stay home because they choose to have children, I consider it they’re problem, not mine.
I have four children of my own, and I Pay for they’re up keep. Not the government,not the tariff payers, I do all that.
Reckon of all the things that would make done if we bunged the welfare programs and helped only the truely needy people of this country.
Are you getting the facts from a government source or a independant source?
Why can’t libs know that cutting taxes or even not taxing in the initially house in not the same thing as spending?
The answer is simple, even if. It doesn’t matter who is getting transfer payments. It’s my money and I want to keep it. If I want to aid the unfortunate, I can do it with far more efficiency than any government agency can. If I want to support a company I will buy their products. If they aren’t selling anything I want they don’t deserve my business.
Edit: That may be, but the example you gave for it is the percentage of the tariff burden paid by corporations.