Rich Americans are not eligible for the $1,200 stimulus check from the government as part of the CARES Act, but a provision that was slipped in regarding tax codes will benefit the wealthy by nearly $2 million a person, more than the total funding that was given to hospitals and more than the total funding provided to state and local governments.

The provision is aimed to undo a limitation in tax codes set forth in 2017 that “temporarily suspends a limitation on how much owners of businesses formed as “pass-through” entities can deduct against their non-business income, such as capital gains, to reduce their tax liability,” according to the Washington Post.

The language in the CARES Act suspends the “pass-through” limitations. The loophole will primarily benefit those earning more than $1 million a year, with 82 percent of the benefits of the policy going to about 43,000 taxpayers. The tax loophole will cost about $90 billion to the government, putting the average paycheck for the wealthy American at $1.7 million.

Calculation by Shahar Ziv

Kaylee was raised (but not *technically* born) in Colorado. She graduated from Regis University with a bachelor of arts in English. During her time at Regis she worked as a teaching assistant in a freshman classroom setting and in the writing center helping students on a variety of topics. While there, she discovered Cura Personalis, or care for the entire person, leading to her love of feminism and desire for equal rights for all. Kaylee is the managing editor for AboutBoulder, OnDenver, and a key member of the OnMetro team, launching this platform in cities across the United States.