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
Here's what costs more than a barrel of oil Oil prices have crashed to below $27 a gallon -- a level not seen since 2003 -- which makes a barrel of crude cheaper than lots of everyday purchases that we don't think twice about. More
Super Bowl 50 ads are studded with celebrities The 2016 Super Bowl has rolled out the red carpet for the likes of Helen Mirren, Amy Schumer, Seth Rogen, Steven Tyler and the late, great Marilyn Monroe. More
The women of marijuana These women entrepreneurs and executives are making their mark in the marijuana industry. More

Special Offer