Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
6 ways to change the world for as little as $20 These platforms help make impact investing accessible to anyone with $20 to spare. More
5 great day trips from Sydney Standout escapes just a short journey from Australia's largest city. More
New cameras go weird, wearable - even old school Meet the new crop of digital cameras, an eclectic group each with a very particular set of skills. More

Special Offer