A new federal proposal, dubbed the “DOGE Dividend,” generates buzz as it suggests $5,000 stimulus checks for American taxpayers. However, the plan remains in its early stages, and no official payments have been scheduled.
What Is the DOGE Dividend?
The “DOGE Dividend” refers to a proposal to distribute 20% of the savings from the Department of Government Efficiency (DOGE) back to taxpayers. DOGE, established to streamline federal operations, claims to have saved billions through agency closures and program cuts. The idea is that these savings, being taxpayer money, should be returned to the public.
Who Proposed It?
James Fishback, CEO of Azoria Investment, initially floated the concept, suggesting that American taxpayers deserve a share of the savings achieved by DOGE. Former President Donald Trump has endorsed the idea, and Elon Musk, associated with DOGE, has expressed interest in the proposal. However, the plan requires Congressional approval and is still under consideration.
How Much Could You Get?
The proposed amount is $5,000 per eligible household. However, this figure is based on the assumption that DOGE will achieve $2 trillion in savings. As of now, DOGE has reported savings of approximately $165 billion, making the $5,000 figure speculative. The actual amount, if approved, could be lower.
Who Would Be Eligible?
While specific eligibility criteria have not been finalised, discussions suggest that U.S. citizens and legal residents who filed a 2024 tax return and have an adjusted gross income below certain thresholds might qualify. Those thresholds are proposed to be:
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$100,000 for individuals
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$150,000 for heads of household
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$200,000 for joint filers
Additionally, recipients must not be claimed as dependents on another person’s tax return and must have a valid Social Security number. Enhanced payments for seniors, veterans, and parents with dependents are also under consideration.
When Could Payments Arrive?
The proposal is currently in committee review, with a preliminary vote in the House Ways and Means Committee expected by late May. If the bill progresses through Congress and is signed into law, the first payments could be distributed by late summer 2025. However, this timeline is tentative and depends on legislative developments.
Key Takeaways
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The “DOGE Dividend” is a proposed stimulus payment plan, not yet approved.
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The amount and eligibility criteria are subject to change.
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No official payment dates have been announced.
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