Article is slightly out of date, but the numbers are staggering: Based on data from the Congressional Research Service, cumulative spending on means-tested federal welfare programs, if converted into cash, would equal $167.65 per day per household living below the poverty level. By comparison, the median household income in 2011 of $50,054 equals $137.13 per day. Additionally, spending on federal welfare benefits, if converted into cash payments, equals enough to provide $30.60 per hour, 40 hours per week, to each household living below poverty. The median household hourly wage is $25.03. After accounting for federal taxes, the median hourly wage drops to between $21.50 and $23.45, depending on a household’s deductions and filing status. State and local taxes further reduce the median household’s hourly earnings. By contrast, welfare benefits are not taxed. In other words, per household, those receiving federal welfare AVERAGE $61,192.25 TAX FREE, while the median working household only earns $50,054 and GETS TAXED ON THAT AMOUNT TO BOOT. This is 2011 dollars. budget.senate.gov/republican/public/index.cfm/2012/12/total-welfare-spending-equates-to-168-per-day-for-every-household-in-poverty
Posted on: Tue, 27 Jan 2015 23:19:52 +0000
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