How Some Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million

Rich People Are Getting A StimulusCheck too.

 

Mega mansion of a wealthy family in the U.S. – Bing

 

 

 

 

While wealthy Americans are not eligible for the comparatively measly $1,200 stimulus checks that are now being disbursed to many Americans, they are on pace to do even better. 43,000 taxpayers, who earn more than $1 million annually, are each set to receive a $1.7 million windfall, on average, thanks to a provision buried in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

You may or may not be surprised that some of the language conveniently inserted into the $2.2 trillion-dollar Coronavirus Aid, Relief, and Economic Security Act (CARES) skews heavily in favor of the wealthy. The provision doling out literally millions of dollars is aimed at a limitation that was created in 2017 when Republicans overhauled the tax code.

Read the entire story at – Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million

 

 

 

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