Monday, March 2, 2009

AIG Price Tag: $1,400 per Taxpayer Family

AIG Price Tag: $1,400 per Taxpayer Family
ABC NEWS Business Unit
March 2, 2009

How much will each American family pay, on average, to bail out beleaguered insurance giant American International Group? Try more than $1,400.

The government's bailout of AIG now tops $160 billion. That and other government bailout spending could result in higher taxes down the road, experts say.
(ABC News/Getty)

The government's newly overhauled rescue package for AIG is $162.5 billion, according to government officials. Divide that by 111,609,629 -- the total number of U.S. households, according to the U.S. Census' 2005-2007 American Community Survey -- and the result is $1,455.97. That's nearly double the maximum tax benefit U.S. couples will receive under the federal stimulus package approved last month...

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