Yet another way to get Mexico to pay for the wall!!!
Posted on 05/22/2019 1:48:11 PM PDT by Jim Robinson
And their countries are still crapholes.
ML/NJ
If income taxes are paid in full, “””
Don’t be naive...
Go to Western Unions locations on Friday-Sat-Sun & see who is standing in live to wire money south of our border.
IF you think all that money was listed on correct & complete payroll records, you are kidding yourself.
Mexicans may yet pay for the wall!
If they’re here illegally and working illegally and probably NOT paying taxes on it and possibly even drawing money from the treasury via EIC and other scams, then we should confiscate all of their ill gotten gains and deport them.
Then deport them. But they are still entitled to due process of law wrt their lawfully obtained property. I can remember when conservatives hated asset forfeiture schemes.
ML/NJ
I think that was the original plan, along with repealing Obamacare, etc. I think Ryan, McCain & Co made it their mission to join with the democrats in fouling up as many of Trump’s plans as possible before departing.
If they’re gaining income or property while committing the crimes of entering the country illegally and working here illegally (either under the table or with falsified documents) it’s not lawfully earned income nor is it their lawful property nor is it gained from an honest day’s work.
If he burgles 10 houses, sells the stolen property and sends the proceeds home to Mexico (or wherever), but gets caught trying to sell stolen property on his 11th job, do you count the loot from his first 10 jobs (now securely in his home country bank) as his property gained from honest work?
Of course not.
Likewise, every dollar he gains by being here illegally and working illegally is illicit. It’s not gained by honest work and it’s not his property.
Yeah, there is that.
New financial rule that transfers of money out of the USA are illegal unless the sender has legal status.
“It’s time they paid their fair share.” Tax the invaders.
A 1% tax would generate enough to pay for the border wall over 15 years or so. And a 1% tax wouldn’t impact volume unduly, I would think, so it wouldn’t be a terrible burden on commerce. It’s a no-brainer, actually. Which is why the brainless Dims will never let it happen.
If the kid had robbed a bank without getting caught, and subsequently mowed my lawn for ten bucks, that ten bucks was still honestly earned even though the kid would be an unprocessed criminal just like the wetback. But his criminal activity doesn't render all of his subsequent actions as dishonest.
ML/NJ
If the guy is here illegally and working here illegally the money he collects is gained illegally. Doesn’t matter if he’s mowing lawns or robbing banks. It’s illegal. And there can be no honest subsequent.
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Here’s a simple and quite reasonable suggestion:
Whenever someone sends any money as a personal money transfer overseas, the bank should withhold taxes at the personal income tax rate (maybe assume 30%) which it delivers to the IRS. Then let the individual who sent the money use that withheld amount as a credit when and if they file their U.S. taxes.
That way, if they earned the money legally and paid taxes on it, they’ll get the money back as a refund and their net tax amount won’t change. If they don’t file or they didn’t pay tax on the money when they earned it, this is the way the government can make sure it collects taxes on the income before it leaves the system.
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R-I-G-H-T. ‘Cuz $21T= in debt & $140T+ in “unfunded liabilities” shows just how well GOVT handles the People’s $$.
In you scenario, you ROB the owner (presuming all is on the up & up)...no you RAPE them. “Retention” by the IRS (asset forfeiture in all but name)\Takings, guilty until proven innocent, LOSS of possible growth via investment a/o loss of Freedom of choice (to do what one will w/ their OWN property).
“Quite reasonable”?? The Left could have thought of no greater trampling of the Constitution and our Rights. *SMH*
Then call it a tax on foreign investment.
For funds generated inside America,
if they are shipped overseas, I see NO PROBLEMO.
Yet another way to get Mexico to pay for the wall!!!
I disagree. I think the left actually “could have thought of [a] greater trampling of the Constitution and our Rights” such as for example, forcing nuns to pay for abortion or interning Japanese Americans.
As for withholding of foreign remittances, it’s substantially less onerous than the withholding of ALL income, and about the same as withholding of all dividends paid abroad by U.S. companies, both of which are features of current tax law.
I’m against withholding generally — it would be better for people to have to write checks to the IRS in April than get refunds because then they would realize just how much taxes they are paying — but if we’re going to have it, this would seem a good application.
To: Romulus
I don’t care what you post.
64 posted on 03/27/2004 12:22:09 AM CST by Jim Robinson
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