The cost of providing services to illegal immigrants is largely offset by the economic benefits they generate, according to a new analysis by the investment research company Standard & Poor’s. Unfortunately, those who pay the costs don’t always reap the benefits. The undocumented workers can’t claim the Social Security benefits they have earned, creating a windfall for the system…
In 2003, $7.2 billion in taxes were credited to the trust fund based on wage items placed in the suspense file, according to Social Security Administration. This represented about 1.3 percent of total payroll taxes credited to the trust funds. The $7 billion amount has been holding relatively steady in recent years.
Comments are closed.