Sunday, January 1, 2017
Two-Thirds of Households are Net Recipients from the Federal Government
Mark Perry recaps the annual “Distribution of Household Income and Federal Taxes, 2013.” from the Congressional Budget Office, which shows that about two-thirds of all households are net recipients from the Federal Government. That is, they receive more in payments from the Federal government than they pay the Federal Government in taxes. At a time when we are asked to ponder what Making America Great Again entails, we might want to ask if a country is Great when the majority become economically dependent on a much smaller minority.
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