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Here's How Many Millionaires Collected
COVID Unemployment Income

Original Article

Posted By: Northcross, 12/2/2022 12:46:01 PM

Townhall has reported on several situations in which Americans took advantage of COVID-19 pandemic programs and defrauded the government to enrich themselves at the expense of taxpayers, but it turns out there were also perfectly legal loopholes that allowed wealthy Americans to take unemployment benefits — even those who had annual incomes over $1 million. Recent data released by the IRS reveal that thousands of Americans — 19,003 to be exact — reported receiving unemployment compensation in 2020 despite having adjusted gross income of greater than $1 million that year. The amount of unemployment compensation that those millionaires received totaled $263,794,000.

Comments:

Here is another prime example of why massive spending efforts by the federal government should always be vigorously opposed. No one is ever held accountable to ensure that the money is fairly and honestly distributed, or for hunting down the grifters who steal from the American taxpayer. Economic stimulus, COVID stimulus, infrastructure, student loan forgiveness- it's all the same. Just throw out money and watch it get gobbled up, and both parties are guilty.

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Reply 1 - Posted by: Luandir 12/2/2022 1:14:48 PM (No. 1347501)
THIS is why I am a conservative - because EVERY big-government program, no matter the good intentions cited in proposing it, will be full of leaks, loopholes, and unaccountable administrators.
6 people like this.

Reply 2 - Posted by: EJKrausJr 12/2/2022 1:43:51 PM (No. 1347515)
Waste and abuse in Government Covid benefits, tell me it aint so? Of course it's so. Whenever Govt $$$, iows, our money, is involved, there is wholesale abuse. Name those 19003 individuals who earned > $1 million but took Covid unemployment bene's. Come on IRS, name them. Did you guys in the IRS get the $$$ back? Why not? Jeesh, what on earth do you IRS guys do? Oh I forgot, you destroy tax records, that's what you do.
0 people like this.

Reply 3 - Posted by: Delilah 12/2/2022 1:55:16 PM (No. 1347524)
I'm far from rich but someone using my ID collected unemployment benefits until last Oct. when the govt. stopped supplemental payments. I got a letter telling me mine were being stopped when I never applies and collected a dime and shouldn't have as I was 88 at the time. Upon reporting this to the state I got the marvelous benefit of free ID protection for one year! I already had that and it had failed to detect the fraud.
2 people like this.

Reply 4 - Posted by: anniebc 12/2/2022 3:08:30 PM (No. 1347556)
Isn't that why the giveaway was setup? Only honest people need not apply.
2 people like this.

Reply 5 - Posted by: reefdiver 12/2/2022 4:06:38 PM (No. 1347583)
Will some of the 87,000 new IRS agents be working on this?
1 person likes this.

Reply 6 - Posted by: Heraclitus 12/2/2022 5:27:43 PM (No. 1347608)
It's my understanding that the law firm, where the husband of Sen. Shaheen is a partner, also got a nice million+ ...probably nothing illegal, but interestingly subsequently they bought up a couple of smaller law firms in the State. These Dems are such grifters, everywhere.
1 person likes this.

Reply 7 - Posted by: The Remnants 12/2/2022 6:11:09 PM (No. 1347634)
Was our country always this dishonest?
1 person likes this.

Reply 8 - Posted by: smokincol 12/2/2022 6:36:06 PM (No. 1347652)
"Here's How Many Millionaires Collected COVID Unemployment Income" - a quick revision of this headline, if I may: omit "Collected COVID Unemployment Income" and replace with .... American taxpayer earnings.... there should be no punishment harsh enough for the perpetrators of this crime on the taxpayers of this country
1 person likes this.

Reply 9 - Posted by: lakerman1 12/2/2022 8:00:23 PM (No. 1347692)
The pandemic law was poorlywritten, and reuired such quick action by state unemployment services that it got out of hand quickly. The law, in covering GIG individuals essentially asked the applicant to offer an opinion as to hether the Kung Flu had interfered with their income flow. It would be difficult to prosecute such cases on the premise that the applicant lied. No lie was necessary, just an opinion.
0 people like this.

Reply 10 - Posted by: homefry 12/3/2022 7:53:02 AM (No. 1347956)
I just saw a few days ago on Judge Millian, there was a man who had just got through with a 4 1/2 year prison sentence, he and all the other inmates each got a 1200 dollar stimulus check while in prison.
0 people like this.

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Here's How Many Millionaires Collected
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Posted by Northcross 12/2/2022 12:46:01 PM Post Reply
Townhall has reported on several situations in which Americans took advantage of COVID-19 pandemic programs and defrauded the government to enrich themselves at the expense of taxpayers, but it turns out there were also perfectly legal loopholes that allowed wealthy Americans to take unemployment benefits — even those who had annual incomes over $1 million. Recent data released by the IRS reveal that thousands of Americans — 19,003 to be exact — reported receiving unemployment compensation in 2020 despite having adjusted gross income of greater than $1 million that year. The amount of unemployment compensation that those millionaires received totaled $263,794,000.
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