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How much is the $750 billion bailout going to cost citizens?
Since the US has been doubled the deficit over the past 8 years (thanks, George, helluva job), it's obvious that the money will have to come from taxpayers, won't it? I mean, where else WOULD it come from? According to my math, if the $750 billion bailout was split evenly among every citizen of the US, we'd each have to cough up almost exactly $2,500 in taxes! But everyone knows that nearly 40% of working Americans don't pay taxes (after you figure in all the deductions), and not every American works. Can someone smarter than me figure out how much money those of us who pay taxes are on the hook for?
5 Answers
- Anonymous1 decade agoFavorite Answer
Just over ten grand.
That would buy a used minivan for me so I can leave the house.
I am sick of being stuck in the house.
Source(s): Not everybody lives in the "Successful America". Some of us can only peek in the windows... - Anonymous1 decade ago
I heard when it was being proposed that it would cost every American $26 a paycheck for a couple of years, regardless of how much they make. It sounds pretty rediculous, especially for students and people making minimum wage, so maybe it was just a horrible rumor. I'm Canadian so I'm not sure, the $26 a pay check is all I've ever heard on the matter.
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