Thursday, July 19, 2018

How Much Of My Taxes Go To Corporate Welfare

870 for corporate tax subsidies. Wal mart gets 78 billion dollars a year in corporate welfare.







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That translates to roughly 50 of the increase in tax revenue between 2013 and 2014.




How much of my taxes go to corporate welfare.

Where do our federal tax dollars go.
62 billion of that are in the form of social welfare their employees get via things like section 8 snap and medicaid because wal mart doesnt offer a living wage for most employees.
So the government spent nearly 50 more on corporate welfare than it did on food stamps and housing assistance in 2006.




About 59 billion is spent on traditional social welfare programs.
That means were looking for an amount 268 times as large as pbs funding or over 119 billion in annual government spending.
Corporate welfare however costs the average american family.




According to the latest congressional budget office report on the distribution of federal taxes washington collects about 20000 from the average household.
The federal government collects taxes to finance various public services.
In 2012 the average american taxpayer making 50000 per year paid just 36 towards the food stamps program and about 6 per year for the rest of the social safety net programs.




The fortune 500 corporations alone accounted for more than 16000 subsidy awards worth 63 billion mostly in the form of tax breaks.
Yet the 2016 deficit was a whopping 587 billion.
4000 goes to corporate subsidies.




If you make 50000year 36 of your taxes goes to food stamps.
It says that three quarters of all state economic development subsidies went to just 965 corporations since the beginning of the study in 1976.
According to the cbo when the dust settled on all of the tax increases and decreases and spending increases the deficit would decrease by about 157 billion.




The tax foundation has concluded that their special tax provisions cost taxpayers over 100 billion per year or 870 per family.
As policymakers and citizens weigh key decisions about revenues and expenditures it is instructive to examine what the government does with the money it collects.
Twitter doesnt make the inclusion of citations easy due to its character limits and the tweet had none.




They are americas biggest private employer.
Republicans say this is too much cut it.
92 billion is spent on corporate subsidies.




Corporate welfare this meme claims that 368 is their share for corporate welfare to wal mart and big oil.
If the 36 upsets you more than the 4000 then you just hate poor people not socialism.
The rest was due to growth in the economy.




Before we look at the details.







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