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The rich get government handouts just like the poor. Here are 10 of them.
Key Excerpts from Article on Website of Washington Post


Washington Post, April 9, 2015
Posted: April 20th, 2015
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/09/t...

Many of the non-poor and, in fact, a lot of the rich receive benefits from government ... for which we don't make them pee in a cup. We've rounded up some ... examples: 1. The mortgage interest deduction for big houses and second homes. 5 million households in America making more than $200,000 a year get a lot more housing aid than the 20 million households living on less than $20,000. 2. The yacht tax deduction. 3. Rental property. If you're a landlord ... you can deduct many of the expenses you incur renting a home. 4. Fancy business meals. Talking business over an expensive dinner [is] tax deductible. That puts taxpayer spending on food stamps into relief. 5. Investment income is taxed at a much lower rate than regular income. 6.The estate tax. 7. Gambling loss deductions. 8. The Social Security earnings limit. Social Security taxes only apply to income up to $118,500 anything after that is Social Security tax-free. So the more money you make, the less your effective Social Security tax rate is, making this tax about as regressive as they come. Social Securitys own actuaries estimate that eliminating this cap would reduce the programs long-term deficit by about 86 percent. 9. Retirement plans. 10. Tax prep.

Note: For more, read what the Washington Post had to say about our corporate predator state in 2013, and see concise summaries of deeply revealing income inequality news articles from reliable major media sources.


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