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What PERCENTAGE of Your Tax Dollar Really Goes to Help the Free-Loading ?


               
2012 Oct 2, 10:55am   9,958 views  15 comments

by Politicofact   follow (0)  

http://myesoteric.hubpages.com/hub/How-Much-of-Your-Tax-Dollar-Really-Does-Go-to-Help-the-Free-Loading-Indigent-Ought-to-Get-a-Job-Americans

You Should Be Able To See The Obvious ...
... but I have some remarks anyway.

If you consider TARP being considered a form of welfare, and most do, then only 6 cents out of every tax dollars goes toward providing welfare services to those who can't provide for themselves. If you don't, the figure increases all the way up to ... 9 cents
The other $ .91 or 91% of your taxes go support the operations of the government or defense. You ultimately get the Social Security and Medicare back.
Individual income taxes only provide 26 cents of the revenue dollar needed to fund the 2010 expenditures. 37 cents came for other revenue sources and the last 37 cents was borrowed.

I hate old age, and heard something today on CNN's Cafferty's File that brought to mind again. An e-mail response to one of Cafferty's questions regarding raising taxes on the wealthy got a response that went something like this: "Why should the money the wealthy worked hard for be transferred to the poor who hardly work at all." Actually, it wasn't the cut-and-dried but that was the implication. There was nothing in the response about helping fellow Americans fellow American's brought low because of the unethical conduct of many of those same wealthy tax payers. But I digress; that is...

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13   Politicofact   @   2012 Oct 3, 5:23am  

Did you notice that revenue from income tax is higher than that of revenue from corporate tax

1, Income from Individuals 41% revenue
2. Corporate tax 9% revenue

a very large margin

14   Politicofact   @   2012 Oct 3, 5:31am  

http://www.cato.org/pubs/journal/cj2n2/cj2n2-12.pdf

Corporate WELFARE QUEENS!

http://www.ritholtz.com/blog/2011/02/who-are-the-biggest-corporate-welfare-queens/

http://townhall.com/columnists/briandarling/2012/06/11/big_agriculture__the_queen_of_corporate_welfare/page/full/

Corporate Welfare vs. Social Welfare Statistics

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

zzyzzx says

I'm sure if I qualified defense spending excluding procurement and salaries, then defense spending would look tiny in comparison to everything else too.

oh yeah tiny.

John Stossel Sums Up Corporate Welfare
Corporate Freeloaders
http://www.swifteconomics.com/2012/08/22/john-stossel-sums-up-corporate-welfare/

15   Politicofact   @   2012 Oct 3, 5:32am  

Who are the Takers and the Moochers?

The Corporate Welfare Queens, that's who.

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