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Today's Retirees Will Receive Half a Million Dollars More in Benefits Than They Paid for in Taxes

Created on December 11, 2015

Today's Retirees Will Receive Half a Million Dollars More in Benefits Than They Paid for in Taxes

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Read the original report, "Reducing Taxpayer Subsidies to Wealthy Medicare Recipients Is Sound Policy," by Robert E. Moffit.

Note: Figures are in 2015 dollars, adjusted to present value at age 65 using a 2 percent real interest rate and assuming a worker works every year from age 22 through 65. Figures are adjusted for mortality after age 65 and assume benefits scheduled in law will be paid. Source: C. Eugene Steuerle and Caleb Quakenbush, “Social Security and Medicare Lifetime Benefits and Taxes,” Urban Institute, September 2015, http://www.urban.org/research/publication/social-security-and-medicare-lifetime-benefits-and-taxes/view/full_report (accessed October 16, 2015).

CHART 1 • IB 4497

Tags: medicare, taxpayer-money, benefits