Not kidding: U.S. cut ‘stimulus’ check to George Soros, other billionaires
Prominent hedge fund manager and liberal philanthropist George Soros is worth $8.6 billion and isn’t exactly hard up for cash. Yet both he and his son, Robert, received stimulus checks from the CARES Act.
The $1,200 checks went to single taxpayers who reported $75,000 a year or less in income on their previous tax return, while married couples got $2,400 if they reported income of less than $150,000.
The Soros duo were among 270 taxpayers —18 billionaires and some 250 other ultra-wealthy people — whose previous tax returns collectively disclosed $5.7 billion in income, “but who were able to deploy deductions at such a massive scale that they qualified for stimulus checks,” ProPublica reported. All of the millionaires and billionaires listed negative net incomes on tax returns, the investigative news outlet said in its recent report.
Assuming each of the 270 received a $1,200 check, that means $324,000 worth of checks were cut. – READ MORE
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