$1.9 trillion – that is a lot of money. When politicians market this amount as stimulus to help all Americans, we have to realize it will help a few much more than most everyone else.
President Joe Biden has said every taxpayer will receive $1,400 in this stimulus. There is a problem though. Take $1.9 trillion and divide by the number of United States taxpayers –144.3 million according to the Tax Foundation – and each taxpayer should receive $13,167.
There is a huge difference between $1,400 and $13,167 – only $11,767! Where’s is that extra $11,767 going? This is where most Americans lose.