Undocumented Workers Add Small Windfall to Social Security

Posted on: December 12th, 2005
Filed Under: [ Hispanic News ]
Knowledge is Power!

“The total is presumed to reflect the large number of illegal immigrants working in the country using fake Social Security cards, Congress’ chief budget adviser said last month.

The $519 billion is a cumulative total that remains unmatched since the retirement savings program started in 1937, and represents gross wages - not withholdings deposited into the Social Security Trust Fund.

Although the exact amount is hard to calculate because of fluctuating tax rates, tens of billions of dollars have been pooled into the trust fund by people who are not getting credit for their contribution….”

Please note some (many) sites require registration. Many times it is free.

Stumble it! | | AddThis Feed Button

HispanicTips = Relevant




Feedback Form