Mexican Migrants Sent Home Record $36 Billion in Remittances in 2019

ktla/AP ^ | FEBRUARY 4, 2020 | no byline

[a fool in paradise]

Mexican migrants working abroad sent home a record $36 billion in remittances in 2019...

It’s the highest level of remittances on record.

It’s also greater than the $25 billion in income Mexico receives from foreign tourism, or the country’s $22.4 billion in annual petroleum exports.

Mexico’s central bank said the average amount of each electronic transfer sent home was about $300...

[Farcesensitive]

It’s time to put a heavy tax on remittances without proof of citizenship or legal residence.

[weston]

Need to start taxing remittances to foreign countries.

[Oshkalaboomboom]

Doesn’t India receive even more than Mexico?

[BunnySlippers]

Bookmark

[proust]

Now that’s a giant sucking sound.

[timestax]

bttt

[a fool in paradise]

Apr 09, 2019,

https://economictimes.indiatimes.com/nri/forex-and-remittance/india-highest-recipient-of-remittances-at-79-bn-in-2018-world-bank/articleshow/68788815.cms?from=mdr

India retained its position as the world’s top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said in a report Monday.

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said...

[AzNASCARfan]

Trump said that at one of the last two rallies... Said tax on remittances would pay for the wall, which is what I thought from the beginning, but I agree, it needs to be done!

[kaehurowing]

Why isn’t that seized to build the wall?

[Pelham]

Do you know the methods that they use to get the money to Mexico?

[jmacusa]

Wire transfers.

[jmacusa]

Parasites.

[ConservaTexan]

Usually, I’m against new taxes. In this instance I’d support a 70% tax on money wired to countries whose citizens are invading our southern border. Dedicate the $ to building/manning/maintaining the border wall.

[ozaukeemom]

Yup. We see them in a line at Walmart, wads of cash in hand. Walmart charges a fee. The government needs to, as well. 10-35% seems fair. That is what many of us pay in income taxes and social security.

[A_Former_Democrat]

Tax the hell out it. The worse the migrant problem, the higher of the tax

use the remittances to build the damn wall

[jmacusa]

It isn't just Latinos taking money out of our economy. 143 nations from around the world who have citizens here take money out of our nations economy. German nationals living here, Germans for God sake send back to the Fatherland some $4 billion a year. British nationals living here send back $3.4 billion. Filipinos , east Indians, Chinese the list is endless. Virtually every South American country with people living here. It's staggering. And all the while they hate us. We're the horrible, racist, bigoted war mongering United States of America, just the worst country on Earth. But God Almighty does everyone want to get here and get in on the gravy train.

[Pollster1]

How much of that $36B was earned illegally doing jobs that should have gone to real Americans? And how much of that $36B was welfare that should have stayed in the pockets of American taxpayers or gone to real Americans who are in need? Either way, I find it disgusting that the corrupt globalists on the left would support these criminals over our fellow citizens.

[eartick]

This money should be impounded and put to use building the wall and funding ICE and CBP

[eartick]

This does not breakdown the country that it is coming from.

You can bet the mescan nationals money comes from the the US and the US alone.