Monday, December 31, 2012

How Much Money Does The U.S. Government Give to the poor?

How Much Money Does The  U.S. Government Give to the poor?

IRS estimated that in 2009 the Earned Income Tax Credit lifted nearly $7 million people out of poverty.

Nationwide in 2012, close to 26.5 million received nearly $60.7 billion in EITC for the 2011 tax year.

$2,290.00 per person.

Total annual cost of food stamp program in 2012: $71,800,000,000.

Number of Americans using the food stamp program in 2012: 46,670,373

$1.725.00 per person

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