Over the past 10 years, they have lost over $50 billion. Where does that money come from?
U.S. POSTAL SERVICE
American taxpayers give an $18 billion gift to the post office every year
Chris Matthews
Mar 27, 2015
The United States Postal Service's financial troubles have been well publicized in recent years. The worst of it came in 2012, when the USPS lost a whopping $15.9 billion dollars, followed by $4.8 billion and $5.3 billion in 2013 and 2014, respectively.
Post office officials have often attributed the losses to the decline in demand for first class mail in favor of more efficient modes of communication, and congressional mandates that the USPS do things like deliver mail on Saturdays and to unprofitable parts of the country. In fact, the USPS claims that if it weren't for such requirements, it would more or less break even.
But as Robert Shapiro—former Treasury undersecretary and chairman of the economic consultancy Sonecon—points out
in a new analysis, American taxpayers subsidize the USPS at a rate that surpasses the costs associated with any Congressional mandate. He estimates that, all told, the subsidies and legal monopolies that Congress bestows upon the post office is worth $18 billion annually. These include:
U.S. Post Office gets an $18 billion gift from taxpayers every year