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"Each year, families and individuals pay taxes to the government and receive back a wide
variety of services and benefits. A fiscal deficit occurs when the benefits and services
received by one household or a group of households exceed the taxes paid. When such a deficit
occurs, other households must pay, through taxes, for the services and benefits of the group
in deficit. Thus, government functions as a redistributive mechanism for transferring resources
between groups in society.

This paper examines fiscal balance in the United States by income class. It estimates the
distribution of the full array of government benefits and services including cash and near
cash benefits, means-tested aid, education services, and general social services. It also
estimates the distribution of all direct and indirect taxes used to finance government
expenditure.

The distribution of benefits, services, and taxes is examined among conventional Census
income quintiles of households for the year 2004. Of particular concern is the fiscal balance
within each quintile. A quintile is in fiscal deficit if the sum of benefits and services
received by households within the quintile exceeds the sum of taxes paid. A quintile is in
fiscal surplus if the taxes paid exceed the cost of benefits and services received.

The analysis finds that the lowest three income quintiles are in fiscal deficit, while the
two highest income quintiles are in surplus. Overall, there was a transfer of roughly $1
trillion in economic resources from the top 40 percent of households to the bottom 60 percent.
This sum represents about 9.5 percent of total national income in 2004."

Rectangle Font Plot Slope Parallel


Read the rest of the study: http://www.heritage.org/research/reports/2015/09/the-redistributive-state-the-allocation-of-government-benefits-services-and-taxes-in-the-united-states
 

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"Each year, families and individuals pay taxes to the government and receive back a wide
variety of services and benefits. A fiscal deficit occurs when the benefits and services
received by one household or a group of households exceed the taxes paid. When such a deficit
occurs, other households must pay, through taxes, for the services and benefits of the group
in deficit. Thus, government functions as a redistributive mechanism for transferring resources
between groups in society.

This paper examines fiscal balance in the United States by income class. It estimates the
distribution of the full array of government benefits and services including cash and near
cash benefits, means-tested aid, education services, and general social services. It also
estimates the distribution of all direct and indirect taxes used to finance government
expenditure.

The distribution of benefits, services, and taxes is examined among conventional Census
income quintiles of households for the year 2004. Of particular concern is the fiscal balance
within each quintile. A quintile is in fiscal deficit if the sum of benefits and services
received by households within the quintile exceeds the sum of taxes paid. A quintile is in
fiscal surplus if the taxes paid exceed the cost of benefits and services received.

The analysis finds that the lowest three income quintiles are in fiscal deficit, while the
two highest income quintiles are in surplus. Overall, there was a transfer of roughly $1
trillion in economic resources from the top 40 percent of households to the bottom 60 percent.
This sum represents about 9.5 percent of total national income in 2004."

View attachment 65122

Read the rest of the study: http://www.heritage....e-united-states
Looks like the perfect redistribution of wealth chart. Pass me the Grey Poupon please!
 

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