Monday, July 16, 2012

WELFARE FOR THE RICH

The traditional image of 'welfare' pales in comparison to corporate welfare and millionaire welfare. Whereas over 90% of Temporary Assistance for Needy Families goes to the elderly, the disabled, or working households, most of the annual $1.3 trillion in "tax expenditures" (tax subsidies from special deductions, exemptions, exclusions, credits, and loopholes) goes to the top quintile of taxpayers. One estimate is $250 billion a year just to the richest 1%. 


READ MORE; http://www.nationofchange.org/five-reasons-super-rich-need-government-more-rest-us-1342445298