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Illegal Immigrants Are Bolstering Social Security With Billions
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| Contributor | RP |
| Last Edited | RP Apr 06, 2005 07:32pm |
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| Category | Analysis |
| Media | Newspaper - New York Times |
| News Date | Wednesday, April 6, 2005 01:00:00 AM UTC0:0 |
| Description | As the debate over Social Security heats up, the estimated seven million or so illegal immigrant workers in the United States are now providing the system with a subsidy of as much as $7 billion a year.
While it has been evident for years that illegal immigrants pay a variety of taxes, the extent of their contributions to Social Security is striking: the money added up to about 10 percent of last year's surplus - the difference between what the system currently receives in payroll taxes and what it doles out in pension benefits. Moreover, the money paid by illegal workers and their employers is factored into all the Social Security Administration's projections.
Illegal immigration, Marcelo Suárez-Orozco, co-director of immigration studies at New York University, noted sardonically, could provide "the fastest way to shore up the long-term finances of Social Security."
It is impossible to know exactly how many illegal immigrant workers pay taxes. But according to specialists, most of them do. |
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