Tuesday, August 14, 2012

Report: 2,362 Millionaires Got Unemployment $$; Got Over $20M in Unemployment Benefits in 2009

A new report by the Congressional Research Service (CRS) indicates that there were 2,362 people who earned a million dollars or more in taxable income in 2009 and who also received federal unemployment benefits that year, the Cybercast News website reports today (August 14, 2012).

In fact, these millionaires collectively raked in more than $20 million in unemployment benefits.

The Congressional Research Service report was published on August 2, 2012, and was based on the most recent data available from the Internal Revenue Service.

The CRS reported that millionaires received $20.8 million in federal unemployment benefits in 2009, up from $18.6 million in 2008. That averages out to $8,806 in unemployment benefits per millionaire.


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