The Middle-age Tax Soak
Between $376 billion and $872 billion per year is fiscally transferred from middle-aged groups to the youngest and oldest Americans each year through government taxes and spending, according to a new Tax Foundation study of taxing and spending by age groups.
America’s youngest households, those headed by someone 25 or less, receive $2.32 in government spending for each dollar of taxes paid, and households aged 75 and over receive $4.93 per dollar of taxes paid. Meanwhile, in the middle, households aged 45 to 54 received 73 cents per tax dollar.
In other words those of middle age are subsidizing the lives of the young and the old. If you look at the figures quoted above these subsidizies constitent a rather substantial amount.
The whole Tax Foundation article can be found here.
Don