The post Elon Musk’s DOGE could soon refund $5,000 to all US taxpayers; Will the markets react? appeared on BitcoinEthereumNews.com.

DOGE head Elon Musk stated on X (formerly Twitter) that he would ‘check with the President,’ Donald Trump, about a proposal to provide a $5,000 refund check to U.S. taxpayers, funded by cost savings from his Department of Government Efficiency (DOGE). Dubbed the ‘DOGE Dividend,’ the initiative was originally proposed by James Fishback, CEO of Azoria Investment Firm, and aims to redistribute 20% of DOGE’s projected savings by 2026 to taxpaying households. President Trump and @ElonMusk should announce a ‘DOGE Dividend’—a tax refund check sent to every taxpayer, funded exclusively with a portion of the total savings delivered by DOGE. 🧵 pic.twitter.com/p5AZZj3Ttc — James Fishback (@j_fishback) February 18, 2025 The ‘DOGE Dividend’ explained The ‘DOGE Dividend’ proposal suggests that approximately 20% of the $2 trillion in projected government savings should be allocated toward tax refunds.  Under the plan, only households that are net payers of federal income tax would be eligible for the $5,000 refund. This differentiates it from the 2020 pandemic stimulus payments, which were based on income thresholds rather than tax contributions. DOGE Dividend proposal. Source: Kobeissi Letter/X According to data from the Tax Policy Center, around 40.1% of U.S. tax filers do not pay federal income tax, meaning only about 59.9% of the 132 million U.S. households would qualify for the refund, according to data shared by the finance commentary platform The Kobeissi Letter on February 20. The plan would boost morale, incentivize labor force participation, and reward taxpayers for their contributions, unlike broad stimulus payments that were distributed regardless of tax liability. Potential market and economic impact The proposal has drawn comparisons to the $4 trillion in stimulus payments distributed during the COVID-19 pandemic, which contributed to the current inflationary environment.  However, the DOGE Dividend differs in a crucial way—it would be funded by cost savings…

---

Filed under: News - @ February 19, 2025 8:22 pm