[NJFAC] SS taxes exceed lifetime benefits for all but lower-income couples; based on 2012 SS Trustees Report:

Expected Lifetime Social Security and Medicare Benefits, 2012 dollars

Social Security benefits at age 65

Tables included for the following cohorts:

Results for year 2010:

Single man, average wage: SS taxes exceed SS benefits

Single woman, average wage: SS taxes about equal SS benefits

One-earner couple, average wage: benefits exceed taxes

Two-earner couple, average/low wage: benefits exceed taxes

Two-earner couple, average wages: taxes exceed benefits

Two-earner couple, high/average wages: taxes exceed benefits

For all these categories, medicare benefits significantly exceed medicare taxes

See tables: http://www.urban.org/UploadedPDF/412660-Social-Security-and-Medicare-Taxes-and-Benefits-Over-a-Lifetime.pdf

Thanks to Dean Baker's blog.

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National Jobs for All Coalition
http://www.njfac.org/

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