The US government collected approximately 1.2 trillion in individual income tax and 250 billion in corporate income tax in 2006 (the most recent data I could find).
The total is 1.45 trillion dollars from income tax.
Credible reports of the bailout costs put them as higher (inflation adjusted) than the Marshall Plan, Louisiana Purchase, Apollo moonshot, S&L Bailout, Korean War, New Deal, Iraq War, Vietnam war and NASA’s lifetime budget… combined.
The total current bailout cost (as of this morning, so it maybe off by a few hundred billion) is approximately 4.6 trillion.
Since they are clearly just wildly printing money why don’t they try something truly wild, crazy and perhaps even helpful?
How about just can the income tax entirely for 2 years. It is a drop in the bucket and the “stimulus” just might save us all.