Stimulus Check (40k Cap)
Stimulus payment with $40k income cap (early proposal). $1,200 per person reduced by 5% above cap.
Formula
Payment = $1,200 × People - 5% of amount above $40k cap
1 person, $50k income
Inputs
- Number of People: 1
- Household Income ($): 50000
$1,200 - $500 = $700
Frequently asked questions
Note
This was an early proposal. Actual stimulus payments varied by bill.