Saturday, December 11, 2010

Is America's Entitlement System Ripping Off the Middle Class? | The Atlantic Wire

Is America's Entitlement System Ripping Off the Middle Class? | The Atlantic Wire: "Does a one-parent family of three, making the minimum wage of $14,500 a year, have more disposable income than a family earning $60,000 a year?

That's the provocative claim made by pseudonymous blogger Tyler Durden at the popular finance blog Zero Hedge. Durden produces a chart that compares inputs like income, payroll and federal income taxes, child care costs, and welfare benefits from programs like Medicaid and the Children's Health Insurance Program for theoretical families of various income levels in Mississippi."

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