the LYNCH report

The Power of Clear Insight

Posts Tagged ‘bailout cost

Bailout Cost to Average Taxpayer (Revisited)…

with 6 comments

Following on from our article on the real source of the “credit crisis”, we’ve had a ton of requests for the methodology behind our assertion that the average cost to taxpayers of the “bailout” is $5,354. That figure used 2003 IRS data; we’ve since gotten our hands on 2005 data (the IRS isn’t exactly known for their efficiency…), so here it is: a calculation of the impact of the possible range of costs associated with the “bailout”: Read the rest of this entry »