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A new report shows that numerous billionaires collected stimulus checks

18 billionaires have reportedly received COVID-19 relief stimulus checks along with many other wealthy individuals.

Stimulus checks were said to be aid for poor and middle class households during the pandemic, but 270 wealthy upper-class households collected the first round that went out in 2020. The collective income of these people is $5.7 billion.

These checks were for people making up to $75,000 or married couples making $150,000.


The wealthy people collecting these checks did so by bringing their net incomes to less than 0 with deductions and write offs.

One billionaire worth $7.5 billion, George Soros, received the check without taking any action and immediately returned it.

This raises concern for Democrats already looking for ways to reform the tax process and feel that wealthy individuals should pay more in taxes.

Related: Another round of stimulus checks will hit some American’s bank accounts in 2022, are you one of them?



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