Unemployment Benefits For Millionaires
UNEMPLOYMENT BENEFITS FOR MILLIONAIRES, AND MORE FROM CRS
Thousands of Americans who have a gross annual income of more than a million dollars have also been collecting unemployment benefits, according to IRS data compiled in a new report from the Congressional Research Service.
That description fits only a tiny fraction of a percent of those receiving unemployment benefits, and is obviously not typical of recipients of unemployment insurance. But neither does it violate any law. The issue has prompted pending legislation to restrict benefits based on income. See Receipt of Unemployment Insurance by Higher-Income Unemployed Workers (“Millionaires”), August 2, 2012.