Truthmatters
Diamond Member
- May 10, 2007
- 80,182
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- Banned
- #61
It is estimated that for the average couple aged 65, each earning $43,500 a year, over their lifetime, they will on average pay $598,000 in SS taxes and receive $556,000 in SS benefitsThey will pay $119,000 in Medicare taxes and receive $357,000 in Medicare benefits. In total, the couple will pay $717,000 in taxes and $913,000 in benefits, or $196,000 more than they received.
One is OK the other doesnt work
So, TMN thinks it's fine that people receive less than they pay in for SS, and should have the same arrangement for Medicare.
Got it.
The couple would have been better off keeping and investing the money in their own retirement accounts. The SS has a negative return; the Medicare portion has a hugely distorted cost structure due to government interference.
SS does not have a negative return.
He da man