More Than 50 Percent of Recent Stimulus Check Money Went to Households Making Under $50,000Epoch Times, United States politics | The Epoch Times

The Treasury Department said Tuesday that over half of the near $390 billion disbursed in the third round of stimulus payments went to households with income under $50,000, while more than 85 percent went to households making less than $100,000 per year. Another 10 percent of the third round of economic impact payments (EIP), as the relief funds authorized by the American Rescue Plan Act are formally called, went to Social Security, Railroad Retirement Board, and Department of Veterans Affairs beneficiaries whose incomes weren’t large enough for them to be required to file a tax return and to people who used the IRS’ online Non-filer tool, Treasury said in a release. Income category data released by the IRS (xls) shows that 13.5 percent of the third-round payment money went to households with annual incomes between $100,000 and $200,000, while around 0.1 percent went to those earning $200,000 or more. IRS state-level data …Read More

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