Posted on 07/08/2020 4:45:27 AM PDT by knighthawk
Migrants in the United States sent about $103 billion in mostly untaxed remittances to six foreign countries last year — including about $19 billion to China.
A World Bank report, detailed by the Wall Street Journal, reveals the extent to which foreign nationals living in the U.S. drain mostly untaxed money from the nation’s economy to send to relatives overseas.
(Excerpt) Read more at breitbart.com ...
If we taxed the snot out of it, it might lessen their temptation to come here in the first place.
IF ...
“If we taxed the snot out of it, it might lessen their temptation to come here in the first place.”
Tax avoidance is not the reason illegal workers in the US send money home. They send money home because they are supporting their families. I suspect in many cases the families would starve without some kind of support. The problem is that by letting the illegals come here they are not at home provoking the kind of change that is needed to correct the situation there. America has become the world’s safety valve. This is great for everyone except the American worker and taxpayers.
For the individual alien, coming to America is the idea solution. It’s something an individual can actually do. Whereas starting a revolution and developing a free economy is something no individual can do alone.
While I have sympathy and understanding even Bernie Sanders (the old Bernie before wokeness) said that America can not take in every disadvantaged person as there were simply too many of them. (The newer Bernie was offering to bring down the border, defund ICE and give free medical care to all.)
Where is it decreed America is bound to take in and support the world’s trashiest losers?
untaxed is a trigger word. What does it mean? Which taxes haven’t been paid? I suspect fica taxes have been paid and other taxes.
Eventually those dollars have to come back to the USA and purchase goods. Or not? They stay in circulation on foreign soil and do not cause inflation here.
A little more complicated than we might think.
Actually, it is on a bronze plaque at the base of the Statue of Liberty. But as my sister says, it’s time to remove that poem. (Something about send me your wretched and poor.)
everyone who comes to the us does it, sands money back to the old country, Chinese Korans, Indians Filipino, mexicans
Do you know Bank Of America is the only place you can open an account without ID? As far as I know it is the only bank that will transfer money from illegals to china. Some of the spa girls I know travel to the nearest B of A to do so.
Slap a 50% tax all of these remittances no matter where they’re going.
L
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