There are only an estimated 153,000,000 tax filers per year. So the real cost of the covid relief bill to taxpayers that actually pay tax is about:
$12,400. 1,900,000,000,000 / 153,000,000 .
To make matters worse, estimated 30% to 40% of US taxpayers won't be getting refunds because they make more than the income thresholds for relief. Those are the taxpayers footing the bill. That's alot of people.
More with interest.
Yep, the middle class always gets fucked.
The poor don’t earn enough to pay taxes, and the wealthy have their tax havens and loopholes. Then they wonder why we elected somebody like President Trump who promised to unfuck us.
Wait a minute, less than half the country pays taxes? Did I read that right?
153M out of a country of over 330M?!
Yes, something like 40% of americans pay $0 in tax last I heard. There is a big difference between the # of US Citizens and US Taxpayers.
How is that possible? And you said tax filers so that means even people who pay $0 in taxes but still filed, like maybe some business owners who can game the system. Then the unemployment rate is up to like 8% but where does the rest of that number come from? That blows my mind that there's that many people who don't pay, or even FILE for taxes!
It didn't cost us anything. Our great, great, great, great, great, great, great, great grandkids though.....