The numbers sent by the guy who wanted to share the wealth instead of having a bailout were wrong. Here are the corrected numbers using the proposed $700 million. It took me a while to find how many zeros are in a billion but the division was easy. I'm still angry about considering a bailout but I definitely dont need screwed up statistics fueling my anger. Here are the numbers based on the proposed $700 million.
The $700,000,000,000 bailout (yes there are nine zeros in 1 billion, I looked it up)
If that $700,000,000,000 was given to every U. S. Citizen over 18 years old (divided equally among us) what would we have?
Assume there are 200,000,000 U.S. Citizens over 18 yoa. (our population is around 301,000,000 if you count every man, woman and child.)
So divide 200 million adults 18+ into $700 billon that equals $3500 - a huge difference from what that guy was talking about.
Give $3500 to every person 18+
it would NOT be tax free of course.
So let's assume a tax rate of 30%.
Every individual 18+ has to pay $1050 in taxes.
That sends $210,000,000,000 right back to Uncle Sam.
Every adult 18+ has $2000 in their pocket.
A husband and wife team would have $4000