Although I think a stimulus plan (and a big one) is the right thing to do I am stuck by the numbers being thrown around. Yesterday I heard that the total package could amount to as much as $1.3 Trillion.
A quick search of the net (only looking at a few results) indicates that in recent years there are about 130 million individual tax returns filed annually. That divides into the other figure nicely -- $10,000 per tax return (tax payer/family). Implementation of such a plan is a complex process involving art, science and politics but I can't help thinking about this in terms of sending every tax return filer a $10,000 rebate check!
Jan 8, 2009
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