I’m all against this stimulus but where is this number coming from?
$800 Billion divided by $62,000 is 12.9 million. There are a lot more than 12.9 million taxpayers. So the average cost is going to be a lot less than $62,000 for the first year. But don’t get me wrong...
The cost of the Stimulus over ten years, adjusted for interest rates is about 3.27 Trillion - maybe they are using that as the numerator.