Episode 122: Changing the Rules for Social Security
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The Difference Between Whites and Blacks on Social Security
The median black female can expect a return of 1.2% above inflation on her Social Security taxes, better than the white male by a factor of four. If you consistently earn below $50,000, you receive back adjusted for inflation more than you paid in. The government is better off when we pay in but we don't receive back. And that's an interesting argument when it comes to illegal immigrants. Roughly half of them pay into Social Security despite the fact that they're illegal. Because they're illegal, they will never receive benefits back from Social Security.
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