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what does NAMA mean for average taxpayer? €45,100 ??

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  • 20-09-2009 12:02pm
    #1
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭


    lets do some maths

    i hope to start a thread based on references, figures and facts not yet more opinion and fud



    Irish labour force: 2.27 million people

    Unemployment rate (sept 09): 12.2%

    Number in employment: 1,993,000


    Lets assume all of these are paying some tax (some more than others)

    NAMA: 90 billion (is there are a definite figure? or best guesstimate? from reputable sources)



    Burden on each taxpayer: €45,100


    are my calculations right? discuss


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    #2
    cabinteelytom
    Closed Accounts Posts: 163 ✭✭cabinteelytom


    Servicing that 47G per taxpayer debt for NAMA alone , assuming a bargain 3% interest per year, is 1,410 Euro per taxpayer per year.

    In the Tribune (on 16-8-09) the total national debt was estimated as heading for 190 billion euro ( a lot of policies were put on the national credit card in recent years) which is approximately 100,000 Euro debt per taxpayer; that is 3,000 euro to be wrung from each taxpayer per year to service the debt, and most of the debt to be repaid too.
    www.tribune.ie/business/article/2009/aug16/can-we-ever-rejoin-the-triple-a-club/

    PS. I think your maths is right


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