whether it's a curbside mailbox, or one in a central mail room. everybody else that makes deliveries, u.p.s., fedex, dhl, whomever, individuals, has to leave them at the front door. of the residence or business. that's a substantial burden in a large apartment house, or business. or office building. the postal service itself estimated that in 2008, that ending the current bar on private delivery companies accessing mailboxes would cost the postal service $1.5 billion to $2.6 billion per year. and that was after all, 2008. so that's seven years ago. and is two to three times the estimate of the value of the subsidy. it's going at it a different way. i'm not saying that there was any problem in the accounting. it's the way you approach it. how you conceptualize the subsidy. this is how an economist would conceptualize it, and that is that you would look at the volume of mail delivered to curbside mailboxes and centralized mail rooms, and the cost of doing so compared to delivery to each customer's door. because that's the privilege they get as compa

whether it's a curbside mailbox or one in a central mail room. everybody else that makes deliveries, u.p.s., fedex, dhl whomever, individuals, has to leave them at the front door. of the residence or business. that's a substantial burden in a large apartment house, or business. or office building. the postal service itself estimated that in 2008, that ending the current bar on private delivery companies accessing mailboxes would cost the postal service $1.5 billion to $2.6 billion per year. and that was after all, 2008. so that's seven years ago. and is two to three times the estimate of the value of the subsidy. it's going at it a different way. i'm not saying that there was any problem in the accounting. it's the way you approach it. how you conceptualize the subsidy. this is how an economist would conceptualize it, and that is that you would look at the volume of mail delivered to curbside mailboxes and centralized mail rooms, and the cost of doing so compared to delivery to each customer's door. because that's the privilege they get as compar

whether it's a curbside mailbox or one in a central mail room. everybody else that makes deliveries, u.p.s., fedex, dhl, whomever, individuals, has to leave them at the front door. of the residence or business. that's a substantial burden in a large apartment house, or business. or office building. the postal service itself estimated that in 2008, that ending the current bar on private delivery companies accessing mailboxes would cost the postal service $1.5 billion to $2.6 billion per year. and that was after all, 2008. so that's seven years ago. and is two to three times the estimate of the value of the subsidy. it's going at it a different way. i'm not saying that there was any problem in the accounting. it's the way you approach it. how you conceptualize the subsidy. this is how an economist would conceptualize it, and that is that you would look at the volume of mail delivered to curbside mailboxes and centralized mail rooms, and the cost of doing so compared to delivery to each customer's door. because that's the privilege they get as compa

whether it's a curbside mailbox, or one in a central mail room. everybody else that makes deliveries, u.p.s., fedex, dhl, whomever, individuals, has to leave them at the front door. of the residence or business. that's a substantial burden in a large apartment house, or business. or office building. the postal service itself estimated that in 2008, that ending the current bar on private delivery companies accessing mailboxes would cost the postal service $1.5 billion to $2.6 billion per year. and that was after all, 2008. so that's seven years ago. and is two to three times the estimate of the value of the subsidy. it's going at it a different way. i'm not saying that there was any problem in the accounting. it's the way you approach it. how you conceptualize the subsidy. this is how an economist would conceptualize it, and that is that you would look at the volume of mail delivered to curbside mailboxes and centralized mail rooms, and the cost of doing so compared to delivery to each customer's door. because that's the privilege they get as compa

that is you would look at the volume of mail delivered to curbside mailboxes and centralized mail rooms and the cost of doing so compared to delivery to meet customer's door because that is the privilege they get as compared to the requirement for private companies. by that accounting the mailbox monopoly, the postal service, $14.9 billion. for fiscal 2013. which is another way of looking at the additional bearden on private delivery companies. the commission also valued the postal service as legal exemption from state and local property and real-estate taxes, $315 billion in 2006 last time it was done adjusted for inflation, that would be $370 million today. this estimate is based on financial statements issued by the postal service which value release the holdings at $27 billion, but as the inspector general reported recently this valuation represents historical cost of the properties. not their fair market value which is how property taxes are applied, using the fair market value, those properties were worth in $201,285,000,000,000, not 27 if we use average property tax rate which ec