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Millionaires and super rich collect 2008 unemployment benefits
Posted: Jul 30, 2010
Seventeen claimants who previously reported incomes in excess of 10 million (whose monthly benefit averaged $5,765) along with 3000 or so who had reported incomes of greater than 1 million collected unemployment last year, despite the fact less than 20 percent of their inome is derived from actualy working with the emainder coming from capital gains. Curiously, there is no upper limit on the amount of income you can make to collect, while of course there IS a lower limit below which you become disqulified.
Ahem. What's wrong with this picture?
http://www.comcast.net/finance/forwhatitsworth/5808925/irsrevealsmillionairesclaimingunemployment/
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I know a guy who worked with - sm
[ In Reply To ..]my husband and this guy had a lot of money he inherited from his family. He was merely working to give him something to do during the day. Things got tough at work and he was one of the guys let go. He filed for unemployment and I know good and well that he didn't need it. When you work merely as a hobby for something to do, you obviously don't need the income provided by that job...therefore...he should not have been able to receive unemployment. That makes me mad to this day. It is people like that that ruin a program for those who really need it.
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