I wrote years ago that CEO’s, Business Executives and NFL team owners are the biggest abuser of welfare and tax cuts.
Wisconsin Congresswoman is asking: Shouldn’t the wealthy have to prove their worth for all the government benefits they receive, too?
If they want to make sure welfare funds are not wasted, then corporations and banks who need access to corporate welfare should have the CEO’s and Executives line up with a collection cup and each give a urine sample. Finally people are taking notice now.
Wealthy Americans may not be getting housing vouchers, but they are getting tax deductions, which come when people itemize their taxes rather than take the standard deduction. Itemizing taxes isn’t worth it unless you’ve spent more on tax-deductible items (including mortgage interest, charitable giving, and also the odd luxury item, such as a yacht) than the standard deduction, which was $12,600 this year for a married household filing jointly. According to one report, more than 95 percent of tax filers making over $200,000 itemized their deductions in 2011, compared to just 13 percent of those with incomes of $50,000 or less.