Money and Main Street

CNN Money Summit: Your questions answered

As part of the first-ever CNN Money Summit, we asked readers and viewers about their pressing economic questions. Then we got experts to weigh in.

1 of 12
BACKNEXT
How much $$ per taxpayer?
How much $$ per taxpayer?
Miranda Marquit, 29, is a blogger for YieldingWealth.com
Question: "If we just gave all the bailout money to taxpayers, how much would we each get? I've seen $25,000, $300,000, $1 million - what's the real answer?" -- Miranda Marquit, Logan, Utah

Answer: $9,513.76

To arrive at that figure, CNNMoney.com took the total of the bank bailout, $700 billion, and added that to the $787 billion estimated cost of the stimulus bill, the American Recovery and Reinvestment Act. That totals $1.487 trillion.

We then divide that number by 156.3 million, which was the total number of U.S. filers in 2008.

So: $1.487 trillion divided by 156.3 million equals $9,513.76 per U.S. taxpayer.


NEXT: Why can't we split the money among taxpayers?
Last updated April 14 2009: 11:56 AM ET
More Galleries
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Royal wedding: How much will it cost? Meghan Markle's wedding to Prince Harry could cost millions once security is included in the bill. See how the costs break down. More

Special Offer