Tuesday, November 25, 2008

Pledges by Fed, FDIC, Treasury, and FHA = $90k per Taxpayer

We noted earlier the absolute size of this, but assuming 90 million taxpayers (there were ~86 million that actually paid taxes in 2004), max pledges made by the Fed, FDIC, Treasury, and FHA to date amount to ~$90,000 per taxpayer (or ~$30,000 per U.S. citizen).



Not that I don't believe it's needed, but this puts it all in a little perspective.