Approximating Savings in Federal Tax Revenue from

Federal Economic Rescue Measures

Jobs Saved Federal Tax Revenue
Period (millions) Saved(millions of $)
08Q1 0 -
08Q2 0 -
08Q3 0.1 463
08Q4 0.4 1,854
09Q1 1.2 5,562
09Q2 2.7 12,514
09Q3 4.2 19,467
09Q4 5.6 25,955
10Q1 6.9 31,981
10Q2 8.1 37,543
TOTAL 135,339

Jobs Saved by Federal Rescue Measures

(millions)
9
8
7
6
5
4
3
2
1
0
08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 10Q1 10Q2

Jobs Data from: "How the Great Recession was Brought to an End", Blinder & Zandy, 2010.

Revenue Per taxpayer estimated from the percent of total US population that is 16 and over and not
institutionalized (77%), rough average percentage of of non-institutionalized population employed (60%),
provided by US Bureau of Labor Statistics, and factoring those into IRS data on per capita federal tax collected
in 2007.

From Wikipedia according to the IRS, the 2007 tax collection per capita (as opposed to per taxpayer) in the US
was $8528.22. For the purposes of this analysis, that is assumed to be the yearly average tax collected per
capita. That brings the quarterly tax collected per capita to $2132.06. But since only 46% of the total
population are employed and paying taxes (others are not either because they are under 16 or
institutionalized) , the average federal tax paid per taxpayer is roughly $4607.42 per quarter.
collected