19,000 Millionaires Collected Unemployment During the Pandemic
Thousands of millionaires were collecting government unemployment checks while essential workers were paying into the system during the pandemic, according to IRS data.
More than 19,000 tax filers who reported earning at least $1 million in 2020 also collected unemployment benefits that year. They walked away with more than a quarter of a billion dollars in payments, the IRS found.
Among them were 229 taxpayers who earned at least $10 million that year yet also applied for and took unemployment payments. Nearly 700 more taxpayers collected jobless benefits despite making $5 million to $10 million.
Sen. Joni Ernst, an Iowa Republican who in 2020 tried to draw attention to the likelihood that millionaires would get unemployment benefits, said it was particularly galling to see them collect money while so many lower-wage workers were still on the job and paying taxes to fund the system. She called it the “reverse-millionaire tax.”
“The true million-dollar question is: Why did Congress continue to pay the rich not to work?” she said. (Read more from “19,000 Millionaires Collected Unemployment During the Pandemic” HERE)
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