The latest estimate of unfunded federal liabilities is $62 trillion over the next 20 years. According to USA Today, that’s $534,000 per household (I’m not sure how they are defining household).
My math puts that at $200,000 per person over the next 20 years, or $10,000 per person per year over the next 20 years. That’s not per tax payer, by the way. That’s per person. Have a family of three? You’re on the hook for $600,000.
But it gets better. That $62 trillion is “unfunded” and not part of the “normal” budget. So that’s $10,000 per person per year on top of the federal-state-local income, payroll, excise, capital gains, sales, property (and more) taxes you are already paying.
Paul Ryan’s plan is looking better every day.