| Preliminary estimates of what the proposed Sept 2008 bailout would mean if given to low income households | | Correction and comments to internet.business.logic@gmail.com would be much appreciated the proposed September 2008 bailout of financial institutions is $ some-amount US billion that-amount * 1000000 = some-thousand-amount the income brackets not above some-cutoff had altogether some-number thousand households that-thousand-amount / that-number = some-decimal-household-amount that-decimal-household-amount rounded to 0 place(s) after the decimal point is some-household-amount ---------------------------------------------------------------------------------------------------------------- if the proposed bailout is given to households earning under $ that-cutoff each would get $ that-household-amount there were some-total thousand households in the USA in 2007 the income brackets not above some-cutoff had altogether a fraction some-amount of the households that-total * that-amount = a-decimal-number that-decimal-number rounded to 0 place(s) after the decimal point is some-number ------------------------------------------------------------------------------------------------- the income brackets not above that-cutoff had altogether that-number thousand households the proposed September 2008 bailout of financial institutions is $ this-amount US billion ======================================================================================== 700 this-cutoff is a household income threshold of interest ====================================================== 25000 50000 75000 100000 1000000 some-cutoff is a household income threshold of interest sum a-fraction : the income bracket up to some-hi but not above some-cutoff had that-fraction of the households = a-sum that-sum rounded to 3 place(s) after the decimal point is some-amount ----------------------------------------------------------------------------------------------------------------------- the income brackets not above that-cutoff had altogether a fraction that-amount of the households the income bracket some-lo to some-hi had some-fraction of the households in the USA in 2007 that-hi is less than or equal some-cutoff -------------------------------------------------------------------------------------------- the income bracket up to that-hi but not above that-cutoff had that-fraction of the households in the income bracket some-lo to some-hi there were a-number thousand households in the USA in 2007 there were some-total thousand households in the USA in 2007 that-number / that-total = a-fraction ---------------------------------------------------------------------------------------------------- the income bracket that-lo to that-hi had that-fraction of the households in the USA in 2007 sum a-number : in the income bracket some-lo to some-hi there were a-number thousand households in the USA in 2007 = a-total ---------------------------------------------------------------------------------------------------------------------------- there were that-total thousand households in the USA in 2007 | http://pubdb3.census.gov/macro/032008/hhinc/new06_000.htm | numbers of households in each income bracket for 2007 (in thousands) in the income bracket this-lo to this-hi there were this-number thousand households in the USA in 2007 ======================================================================================================= 0 2499 2420 2500 4999 993 5000 7499 1868 7500 9999 3174 10000 12499 3565 12500 14999 3486 15000 17499 3753 17500 19999 2974 20000 22499 3731 22500 24999 3070 25000 27499 3728 27500 29999 2586 30000 32499 3797 32500 34999 2421 35000 37499 3384 37500 39999 2404 40000 42499 3548 42500 44999 2202 45000 47499 2906 47500 49999 2077 50000 52499 3256 52500 54999 1927 55000 57499 2595 57500 59999 1787 60000 62499 2789 62500 64999 1659 65000 67499 2112 67500 69999 1449 70000 72499 2189 72500 74999 1505 75000 77499 1998 77500 79999 1314 80000 82499 1872 82500 84999 1220 85000 87499 1573 87500 89999 1123 90000 92499 1566 92500 94999 987 95000 97499 1216 97500 99999 972 100000 149999 14214 150000 199999 5115 200000 249999 2012 250000 9999999999 2245 | This file is an application written in the language Executable English. | You can view, run and change it by pointing a browser | to www.reengineeringllc.com and selecting BailoutHouseholds1.