Friday, September 23, 2016

Every Immigrant Without High School Degree Costs US $640,000

Every Immigrant Without High School Degree Costs US $640,000:
"...According to the report, first generation immigrants as a group increase the nation’s fiscal deficit.
In other words, the government benefits they receive exceed the taxes paid.
The National Academies’ report provides 75-year fiscal projections for new immigrants and their descendants.
The fiscal impact varies greatly according to the education level of the immigrant.
Low-skill immigrants are shown to impose substantial fiscal costs that extend far into the future.
The future government benefits they will receive greatly exceed the taxes they will pay.
...However, a rough estimate of the future net outlays to be paid by taxpayers (in constant 2012 dollars) for immigrants without a high school diploma appears to be around $640,000 per immigrant over 75 years. The average fiscal loss is around $7,551 per year (in constant 2012 dollars).
Slightly more than 4 million adult immigrants without a high school diploma have entered the U.S. since 2000 and continue to reside here.
According to the estimates in the National Academies report, the net present value of the future fiscal costs of those immigrants is $920 billion.
This means government would have to immediately raise taxes by $920 billion and put that sum into a bank account earning 3 percent plus inflation per year to cover the future fiscal losses that will be generated by those immigrants..."

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