Monday, August 13, 2012

2362 Millionaires Got Unemployment Benefits

CNS News reports:
There were 2,362 people who earned a million dollars or more in taxable income in 2009 and who also received federal unemployment benefits that year, according to a report by the Congressional Research Service. In fact, these millionaires collectively raked in more than $20 million in unemployment benefits. The Congressional Research Service report--Receipt of Unemployment Insurance by Higher-Income Unemployed Workers (“Millionaires”)--was published on Aug. 2 and was based on the most recent data available from the Internal Revenue Service. “Among tax filers with AGI [Adjusted Gross Income] of $1 million or more, 2,840 reported receipt of unemployment benefit income in 2008 and 2,362 tax filers reported receipt of unemployment benefit income in 2009,” the CRS reported.
Great moments of the Welfare State.