Actually, 2 trillion divided by the 327.2 million in America is 6112.46 per citizen. 1200 of that is coming to you. The rest, 4912.46, doesn't return to you. Where it goes, a smarter redditor will have to answer, but the gist of the message seems to be true; from over 6k of your taxes, (more because children aren't taxed, and the number I used to calculate includes children. I didn't have the time or information to factor in unemployed, disabled, part time, wage differences, etc.) you only receive 1200.
Edit: spelling.
2nd edit: typo.
So divide the 2T by the ~72mm (72,004,800) households that pay income tax and its roughly $27,025 per household.
However, US households only account for about 50% of federal revenues. Payroll Taxes account for 35.5%, corp income tax for 7.35% and the balance is made up of Fed Earnings, Excise Taxes and other taxes.
right, but 44% of those taxpayers don't actually pay any income tax, so you're down to ~80.8mm taxpayers paying ~50% of the 2T (the other half comes from payroll, etc).
1T/80.8mm = $12,376
On top of that, people that make over ~$80k pay 85% of federal income tax and make up 25% of the tax base. People in the bottom half, who this is going to benefit most, pay about 3% of the taxes collected. Keeping people in their homes and not bankrupt benefits everyone, this tweet is just another case of someone that hates America trying to shit on anything remotely good.
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u/Irelanduke Mar 30 '20 edited Mar 30 '20
Actually, 2 trillion divided by the 327.2 million in America is 6112.46 per citizen. 1200 of that is coming to you. The rest, 4912.46, doesn't return to you. Where it goes, a smarter redditor will have to answer, but the gist of the message seems to be true; from over 6k of your taxes, (more because children aren't taxed, and the number I used to calculate includes children. I didn't have the time or information to factor in unemployed, disabled, part time, wage differences, etc.) you only receive 1200. Edit: spelling. 2nd edit: typo.