What a crock, that Congress should pass laws penalizing citizens for moving capital out of the US when there are billions going to Mexico illegally every year. Hypocrites!
We should be taxing “financial transfers” to Mexico and Guatamala and El Salvador at the max tax rate on the way out PLUS the civil penalties for not filing tax returns.
With no tax penalties either. That is a very good point. Come over here illegally. Take money from a job, illegally. Send money to another country, questionably illegally, or at least untaxed. But if you are a citizen and don’t want to stay to the snot taxed out of you, they can steal, and I use the word stealing because that is what it is, you money.
This isn’t the country I grew up in.