3200 Households Receiving Unemployment Benefits Had Over A Million Dollars Of Income; Extrapolating, Yields 200,000 Households With Income over $100,000 Received Unemployment Benefits

Posted by Milton Recht:

From Bloomberg, "Millionaires Got $80 Million in Jobless Aid in Recession" by By Frank Bass:

Almost 3,200 households -- about 20 percent of them from New York -- that reported adjusted gross income of more than $1 million received jobless-insurance payments averaging $12,600 in 2010, the latest year for which figures are available, according to IRS data compiled by Bloomberg.
***Gary Burtless, a senior fellow at the Brookings Institution in Washington, said the millionaires collecting unemployment insurance made up just 0.035 percent of the 9.2 million Americans who received jobless benefits in September 2010. They also accounted for a little more than 1 percent [1.14 percent] of the nation’s 280,360 millionaires that year.

There are about 4.3 million households in 2010 with income over $200,000, according to IRS data, Table 1. Extrapolating, using the same 1.14 percent rate as for the millionaires produces an estimate of about 49,000 households with income over $200,000 received unemployment benefits in 2010.

There were 18.3 million households in 2010 with income over $100,000. Applying the same rate produces an estimate of over 208,000 households with income over $100,000 received unemployment benefits in 2010.