Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

New Cato Paper: Immigrants Generated $3.3 Trillion in Property Tax Revenue Since 1994

by April 15, 2025
April 15, 2025
New Cato Paper: Immigrants Generated $3.3 Trillion in Property Tax Revenue Since 1994

David J. Bier

Today Cato published my new briefing paper coauthored with Mike Howard and Jacob Vigdor on how immigration has affected housing wealth and property tax revenue in the United States since 1994. My main purpose for the paper was to show how considering the indirect effects of immigration on home values can affect the fiscal effects of immigration at the state and local levels.

The fiscal effect literature is in broad agreement about the positive fiscal effects of immigration for federal budgets, but there is more controversy about state and local effects, depending on whether the second generation is included. Our paper shows that immigrants generated $2.2 trillion in property taxes, either through directly owning or renting property, from 1994 to 2023.

But immigrants have also created or preserved $5.7 trillion in housing wealth for American households. Once we account for this effect, the property tax revenue attributed to immigrants increases about 50 percent—to $3.3 trillion over 30 years. In 2023, the total was nearly $143 billion in property tax revenue attributable to immigrants.

You can read the entire paper here.

0
FacebookTwitterGoogle +Pinterest
previous post
Is This the Confidence Trap That Could Wreck Your Retirement Portfolio?
next post
Top Hegseth advisor Dan Caldwell placed on administrative leave by Defense Department

You may also like

Trump’s Afrikaner Refugees: Strange Process, Right Decision

May 13, 2025

Barriers to Energy Supply Are Everywhere—Let’s Get Serious...

August 30, 2024

Maui Wildfire Response Sure Looks Like Government Failure

August 21, 2023

A Setback for Election Reformers?

November 20, 2024

On the Nippon Steel-US Steel Deal, Politics (Again)...

March 15, 2024

Lesh v. United States Brief: The Supreme Court...

January 7, 2025

The Trump Administration’s Eggstremely Interesting Fix for High...

February 26, 2025

Is Javier Milei a Libertarian?

August 15, 2023

Reasons to Feel Thankful in 2024

November 28, 2024

Mixed Evidence on Charter Schools

April 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Netflix accused of copying show idea by ‘Queen of bling’ Celia Sawyer

      May 30, 2025
    • Reform UK becomes first British political party to accept Bitcoin donations, says Farage

      May 30, 2025
    • UK business confidence jumps to nine-month high as trade tensions ease

      May 30, 2025
    • Bailey urges Starmer to deepen EU ties to soften Brexit blow and counter Trump tariffs

      May 30, 2025
    • Royal family’s wine merchant to open first US store in Washington

      May 30, 2025
    • Starlink set to expand UK footprint as Ofcom greenlights new spectrum licences

      May 30, 2025

    Categories

    • Business (8,104)
    • Investing (1,996)
    • Politics (15,434)
    • Stocks (3,115)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved