There’s a new report out by the Senate Budget Committee that calculates that “the amount of money spent on welfare programs equals, when converted to cash payments, about ‘$168 per day for every household in poverty.’”
Here’s the math: $168 per day x 365 days = $61, 320.
If someone gave you $61,320 per year with no federal, state, or Social Security taxes taken out, could your family live on that amount? Most likely nearly every family in America could if they chose a modest lifestyle. I know my family could, especially if I didn’t have to pay taxes on any of it.
Not only would you get $61, 320 per year tax free, but you wouldn’t have to work for it. You could stay at home and engage in a hobby of your choice. If you lived simply, you could do some traveling and even save money for retirement.
We keep hearing about how the rich aren’t paying their “fair share” of taxes to “protect benefits that American families rely on,” as Democrat Rep. Keith Ellison tells us. This per diem poverty payout statistic is positive proof that the charge is baseless. Most money that’s collected for taxes is absorbed by the State.