How Some Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million
Mega mansion of a wealthy family in the U.S. - Bing While wealthy Americans are not eligible for the comparatively measly $1,200 stimulus checks that are now being disbursed to many Americans, they are on pace to do even better. 43,000 taxpayers, who earn more than $1 million annually, are each set to receive a $1.7 million windfall, on average, thanks to a provision buried in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. You may or may not be surprised that some of the language conveniently inserted into the $2.2 trillion-dollar Coronavirus Aid, Relief, and Economic Security Act (CARES) skews heavily in favor of the wealthy. The provision doling out literally millions of dollars is aimed at a limitation that was created in 2017 when Republicans overhauled the tax code. Read the entire story at - Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million Read the full article