From 20ea6d14542cd8836825e1f115a7990d8004f96d Mon Sep 17 00:00:00 2001 From: Nate B <43703496+NB419@users.noreply.github.com> Date: Thu, 28 May 2020 01:08:33 -0400 Subject: [PATCH] Create taxes_and_social_security.md --- immigration/taxes_and_social_security.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 immigration/taxes_and_social_security.md diff --git a/immigration/taxes_and_social_security.md b/immigration/taxes_and_social_security.md new file mode 100644 index 0000000..936c1fe --- /dev/null +++ b/immigration/taxes_and_social_security.md @@ -0,0 +1,13 @@ +## Taxes and Social Security + +#### (Undocumented) immigrants consistently pay into the system + +* [Institute on Taxation and National Economic Policy (ITEP) 13](https://itep.org/wp-content/uploads/undocumentedtaxes.pdf) + * Undocumented Immigrants paid an estimated **$10.6 billion** to state and local taxes in 2010 + * Allowing undocumented immigrants to work in the United States legally would increase their state and local tax contributions by an estimated **$2 billion** a year +* [Social Security Administration (SSA) 13](https://www.ssa.gov/oact/NOTES/pdf_notes/note151.pdf) + * Undocumented Immigrants paying an estimated **$12 billion a year into Social Security** with no intention of ever collecting benefits + * _“We estimate that earnings by unauthorized immigrants result in a net positive effect on Social Security financial status generally, and that this effect contributed roughly $12 billion to the cash flow of the program for 2010. We estimate that future years will experience a **continuation of this positive impact** on the trust funds.”_ +* [New American Economy Factsheet](https://www.newamericaneconomy.org/issues/undocumented-immigrants/#economic-contributors,-not-criminals): Key Takeaways + * **$100 billion SSA surplus** was generated by undocumented immigrants in the last decade + * **$35.1 billion Medicare surplus** was generated by undocumented immigrants from 2000-2011