Posted on 03/31/2017 2:31:02 AM PDT by davikkm
Stranger in a Strange Land
Look it up to understand grok. It is a lot deeper than the Google definition. It is a visceral understanding. Even deeper than that. Immersion doesn’t do it justice.
You should read the book. Grok is like omniscience about a subject.
They’ll cheat and lie and evade, and that 2% will turn into 0.02%. Two percent is not enough to get it done in four years, and Trump may only get one term. Take 50% and step up enforcement so that every penny is identified. Then build the biggest, most beautiful wall you can imagine, as promised. What better way to clinch a second term?
Make it a dime.
Start low to get it through Congress, then increase it annually. That is always the way it's done.
But be sure to get the same people who came up with the name "individual shared responsibility payment" as a euphemism for the Obamacare tax, to come up with an inoffensive name for the Great Wall of Trump tax.
Perfecto
“Many times, no taxes were paid on the cash sent for remittances as the money was generated from under the table transactions.”
I believe they should just adopt the IRS rule on untaxed income. Unless the sender can show proof that the funds involved were subject to our income tax, the imputed rate of 50% should apply. When you win a large sum of money at a Las Vegas casino, the casino is obligated to withhold 50% of your winnings and give it to the IRS. Then when you file your taxes you can adjust this withholding.
Yes. And if we establish an exit tax on money, the next Democrat administration will probably impose a 20 percent tax on anyone vacationing abroad, a 50 percent tax on all funds spent for business travel, and a 90 percent tax on all funds transferred for investment.
It won’t work, people will simply mail checks or cash. It appears vindictive and petty. Don’t do it.
Turnoff welfare for all non-citizens, legal, illegal and refugee. Nobody should come here to collect welfare.
As to the “simple bill” how it is “simple”?
My wife has sent money to Mexico both as an illegal, and as a green card holder, and as a citizen. I’ve sent money to Mexico and Canada. Some of that money went to my wife’s family. Some of that money went to pay for things in no way related to family. Some of the money to family went to our daughters vacationing in Mexico. Other money went to my wife’s parents and sisters who live in Mexico.
My parents sent massive amounts of money to foreign missionaries they knew personally. This was not sent through a 501c3 and they did not take it off their income tax. It was personal money.
How can it be limited to countries that send us illegal immigrants? My wife has a bank account that is the same bank in not just the US and Mexico, but in many countries. Mexican citizens and US Tourists in Mexico have accounts and credit cards in the same multi-national banks.
When she puts money in the bank account is she sending it to Mexico or Spain or Puerto Rico or New York? If she then withdraws money from that bank account while she is in the US, how can it be said that it went to Mexico?
Many businesses have massive movement of money internationally. Many trade and speculate and hedge in foreign currencies. If Coca Cola in Atlanta has these financial interactions with the Mexican Peso ... but nobody knows if the money physically moves to Mexico or not, how is this handled in a “simple bill” ?
Bitcoin is a whole topic all its own. My Mexican brother-in-law deals in Bitcoin as well as dollars and Pesos. He is permanently in Mexico and is not likely to come to the US ever. When he moves money (or the accounting records of money) from Mexico to US and back to Mexico how is it tracked and taxed? Does it make a difference if he moves it in Pesos or Dollars or Bitcoin?
“Simple bill”?
The only way to make this work is for an additional massive intrusion into our financial and personal lives.
Nobody could buy or sell without the mark of the beast.
Be careful what you wish for. Be careful of unintended consequences.
Why only 2%? Why not 10-15% considering these are the people that aren’t paying taxes as they aren’t even legal? Hell, since illegals go to those places to send remittances, why not have ICE lying in wait at all these places and just have an off site facility to keep them after they are arrested and then deported? Win-WIN!
And this will be their compromise for not building the wall and also for giving 100% amnesty as long as they pay their 2% tax. Unbelievable.
PING
How many Bills has Congress passed over the past twenty years authorizing dollars to fund a wall? Yet the money has always been redirected or somehow lost altogether. The wall, as described in these Bills, has yet to be built.
The issue of cross-border transfers not being taxed has been around just as long, and has raised questions about corporations such as Western Union and major banks such as Wells Fargo being complicit in aiding and abetting criminal activity by illegals, which is what these cross-border US dollar transfers, minus fees or taxes, really are.
Yet NOTHING has been done about it, and Wells Fargo (the most insidious of the enablers) along with Western Union, continue there brazen policies unimpeded by Congress, the Justice Department, the Department of the Treasury, the Comptroller of the Currency, or by anyone else.
With a president who cowers anytime an Obama or Clinton-appointed circuit court justice does George Soros’s bidding and swats down one of his EO’s, what’s so different this time?
I really believe the inauguration, and the many protests against him, and the constant media onslaught, and living in DC and the White Hut has crystallized DJT’s sense of mortality.
He’s decided he wants to live a nice long life. And to hell with being a reformer who’s threatened with personal and family annihilation every time he tries to drain the swamp or resurrect the US Constitution from its slow but certain death.
Just my two cents.
I thought they said they were going to stop all this money transfer...story changed? Another Republican watered down solution?
The Uniparty will complain that those poor illegals won’t be able to send their welfare checks back to their 3rd world shithole.
I can relate to the frustration but I think he knows they will start impeachment hearings if he defies the court orders and probably impeach him. He doesn’t have many friends inside the beltway. I think we will end up with a partial wall only in high traffic areas. My original point was these conservative sounding bills are nothing more than kabuki.
It’s not high enough. It should be at least 5%.
The money transfer should be delayed while a ICE agent checks the status of the sender.
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