Filed Under:Markets, Affluent

Welfare for Millionaires (The Daily Beast)

A report obtained earlier this month by Newsweek reveals that Americans earning more than $1 million collect more than $30 billion in government tax breaks and even handouts each year. Celebrity examples include Jon Bon Jovi, who took federal dollars to raise honeybees on his property, Scottie Pippen, who received $210,520 in agricultural subsidies, and moguls David Rockefeller and Ted Turner, who have accepted more than half a million dollars in farm payments. And the stats don't stop there: Since 2004, seven-figure earners have collected more than $9 billion in Social Security payments, and more than 1,500 millionaires didn't pay a dime in income tax last year. If you're looking for fodder to keep the Occupy riots fresh, this is it.

Read the story.

Top Sales and Marketing Ideas - 2014

Special Feature

2014 100 Best Sales & Marketing Ideas

There are a million ways to sell an insurance product, and any one of them may work depending on your target market, your product lineup and your own unique skill set.

Explore Now
More Resources

Comments

Advertisement. Closing in 15 seconds.