Posted on 04/17/2007 9:33:34 PM PDT by perfect stranger
Starting in the late 1980's, the Social Security Administration received a flood of W-2 earnings reports with incorrect - sometimes simply fictitious - Social Security numbers.
It stashed them in what it calls the "earnings suspense file" in the hope that someday it would figure out whom they belonged to.
The file has been mushrooming ever since: $189 billion worth of wages ended up recorded in the suspense file over the 1990's, two and a half times the amount of the 1980's.
In the current decade, the file is growing, on average, by more than $50 billion a year, generating $6 billion to $7 billion in Social Security tax revenue and about $1.5 billion in Medicare taxes.
In 2002 alone, the last year with figures released by the Social Security Administration, nine million W-2's with incorrect Social Security numbers landed in the suspense file, accounting for $56 billion in earnings, or about 1.5 percent of total reported wages.
The mismatched W-2's fit like a glove for illegal immigrants in known geographic distribution and the patchwork of jobs they typically hold.
An audit found that more than half of the 100 employers filing the most earnings reports with false Social Security numbers from 1997 through 2001 came from just three states: California, Texas and Illinois.
According to an analysis by the Government Accountability Office, about 17 percent of the businesses with inaccurate W-2's were restaurants, 10 percent were construction companies and 7 percent were farm operations.
For illegal immigrants, Social Security numbers are simply a tool needed to work on this side of the border. Retirement does not enter the picture.
(Excerpt) Read more at nytimes.com ...
3... 2... 1...
It would take a lot more to make up what the leeches get in terms of public funding and to make up for the crime that they commit.
The new plan to save social security.
Gracias, caballeros. Keep up the bueno travajo.
That’ll buy a lot of toilet seats!
According to the NYT we should be grateful to have them filling our jails, filling our hospitals, and ruining our schools.
Compared to muzzies and other horrific ethnics, it could be a whole lot worse.
I’ve been saying this for months. This is why nothing’s enforced on illegal immigration. Bush promised to address the looming social security crisis. The voters drop kicked it out of the stadium like Hillary’s Healthcare in 93.
But the problem still exists. The baby boomers will still DEMAND their entitlements. So they look the other way, and perhaps this will “fix” Social Security.
Taxes owed on 34,000 a year is around $4800. 50,000,000,000 divided by 4800 is a staggering 10 million people a year that are filing under false pretenses. That is in addition to the 30 million that were already here according to those numbers. $34,000 salary is a complete guess as to their average salary, but I think it is pretty high in my opinion.
So the only real “lock box” is the one for the illegals?
I think it's more like 20k
Yet. Give congress time.
Don’t blame the messenger, he has no answers. Hell, the messenger doesn’t even beileve some of the message himself.
Eduardo Porter, a senior writer for the Wall Street Journal, will receive the prestigious Hispanic Achievement Award at the 2003
Porter, a native of Mexico City, is a senior writer for the Wall Street Journal, covering Hispanic affairs from the Los Angeles bureau. He joined the Wall Street Journal in 2000 and recently served as a guest speaker on National Public Radio’s “All Things Considered” to discuss the merger of Univision and Hispanic Broadcasting Corporation.
Give congress (and George Bush) time.
And.....
My post was of the generic ‘if the shoe fits wear it’ nature, addressed to whom it may concern.
;^)
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