2,840 Millionaires Got Jobless Benefits in ’08

October 3, 2010  |  

(San Francisco Chronicle) — 2,840. That’s the number of U.S. millionaires who received unemployment benefits in 2008, the most recent year with IRS data available. The households reported at least $1 million in income on their tax returns while also collecting a total of $18.6 million in jobless aid. Still, the figures are a minuscule fraction of the 9.5 million taxpayers who reported receiving $43.7 billion in out-of-work benefits that year. Because unemployment benefits are insurance, funded with taxes paid by employers, the program isn’t need-based like welfare.

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN