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How much money is needed to end poverty in America?

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That is how many dollars it would take to bring every person in the United States up to the poverty line. ... When you start hunting through the submerged spending we do through the tax code, it takes you no time to find enough tax expenditures geared toward the affluent to get to that number as well. read more

A little multiplication and addition later, and the magic number pops out. In 2012, the number was $175.3 billion. That is how many dollars it would take to bring every person in the United States up to the poverty line. read more

Even just repealing the Bush-era tax cut on the extremely wealthy people would pay for about 40% of what is needed to end extreme poverty in the world. Repealing the entirety of the Bush tax cuts would raise about $370 billion per year, or about twice as much money as would be needed to end world poverty. read more

The Census Bureau’s annual income and poverty figures for 2012 show the percentage of Americans living in poverty is essentially unchanged from the year before, at 15 percent. That’s 46.5 million Americans, more than one in five kids below age 18 and one in four under age 6. read more

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