Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

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

  • 20-09-2009 12:02PM
    #1
    ei.sdraob
    Closed Accounts Posts: 9,364 ✭✭✭


    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


Comments

  • #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


Advertisement