Saturday, November 27, 2010

Head of Household of Four Making Minimum Wage Has More Disposable Income Than a Family Making $60,000 a Year

Talk about ridiculously perverse incentives.

http://www.zerohedge.com/article/entitlement-america-head-household-making-minimum-wage-has-more-disposable-income-family-mak

"Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that "a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year." And that excludes benefits from Supplemental Security Income disability checks. America is now a country which punishes those middle-class people who not only try to work hard, but avoid scamming the system."

Head to the source for the numeric breakdown/proof.

1 comment:

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