Created on May 31, 2013
Early recipients of Social Security received more than six dollars in benefits for every dollar paid in Social Security taxes (OASDI). Today and in the future, recipients will receive less than a dollar in benefits for every dollar paid in Social Security taxes.
YEAR BENEFICIARY TURNS 65
... FOR EVERY $1 OF TAXES PAID
BENEFITS RECEIVED ...
Source: C. Eugene Steuerle and Caleb Quakenbush, “Social Security and Medicare Taxes and Benefits over a Lifetime: 2012 Update,” Urban Institute, http://www.urban.org/UploadedPDF/ 412660-Social-Security-and-Medicare-Taxes-and-Benefits-Over-a-Lifetime.pdf (accessed May 30, 2013).
The Federal Reserve is ultimately accountable to the public and Congress, but its independence has long been viewed as a necessary condition for sound monetary — Read more
Panel I (11:00 a.m. to 12:00 p.m.)David Frederick, Kellogg Huber Hansen Todd Evans & Figel PLLCScott Keller, Solicitor General of TexasKannon Shanmugam, Williams & Connolly — Read more
The United States faces a long list of growing threats, including China’s illegal islands, Russia’s aggressive actions in Europe, Islamist terrorism, state-sponsored cyber-attacks, and long-range — Read more
In May, the Obama Administration released a “significant guidance” letter requiring all schools receiving federal funds to treat students according to their stated “gender identity” — Read more
The Heritage Foundation is the nation’s most broadly supported public policy research institute, with hundreds of thousands of individual, foundation and corporate donors. Heritage, founded in February 1973, has a staff of 275 and an annual expense budget of $82.4 million.
Our mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. Read More
Receive updates from Heritage about current events and initiatives in your email inbox
Already Signed up?
© 2016, The Heritage Foundation Conservative policy research since 1973