Posted on 08/31/2017 2:13:10 PM PDT by detective
This is a little funny. Back in 2015 we originally shared an easy peasy way to pay for the border wall by charging a 4% remittance fee on wire transfers to Mexico. With more than $25 billion (2015) in Western Union transfers, more than Mexicos entire oil and energy sector combined, a 4% U.S. surcharge on remittances creates $1 billion revenue annually.
The U.S. Treasury already has a similar process in place for Cuban Remittances and Western Union compliance affidavits. The remittances to Mexico have now jumped to $27 billion in 2016. Making the remittance fee even more feasible.
(Excerpt) Read more at theconservativetreehouse.com ...
Make it higher and illegals will self deport and deliver money
to their family in Mexico PERSONALLY.
Tax remittance payments? They stole my idea!
this was always the plan on how to fund the wall this is how Mexico pays for it...
but it should also tell you about illegal immigration
25 billion a year transferred out of this country?...
that’s 25 billion generated inside this country but never plowed back into this country’s economy
how much more prosperous would our economy be if that 25 billion a year was being made by Americans and being pumped back into the local economies where this money was made
Do it!
They’ll just smuggle it out. You’ll create a black market for it. Then you’ll have another source of crime surrounding that.
I don’t care how they come up with the money. Run a bake sale on the White House lawn for all I care. Just start building the dang wall!
I remember we said this at the time, duh! Of course Mexico will pay for the wall.
YES! A lot higher. Like 50%!
If you think that’s bad check out the fees that using Visa or Mastercard entail. 2
I prefer pinche idiota.
When this is enacted, illegals will put their relatives names on their american accounts and they can write checks against it in Mexico or use a debit card. No transfer of funds. no fee.
The rate should be 39.6% for income tax (it will be considered as taxes withheld for the year paid) + 4% for the transfer surcharge, a total of 43.6%. Leaving 56.4% net for the transfer. In addition taxes should be withheld for states and localities (if applicable).
So they are going to give their hard earned money to someone else
to smuggle it out?
Yeah riiiiiiiiiiiight.
Exactly. Unless you’re going to tax all outgoing transfers worldwide, people are going to undercut the price by running the money through third countries.
That was our first mistake.
Illegal aliens should not have bank accounts. They should be closed immediately, and all funds turned over to the federal government.
They’ve taken long enough.
Charging 15 to 75% of those transferred funds won’t help.
The $27 billion per year transfer rate would drop to $2.5 trillion per year.
That would be the end of that revenue stream.
Yes they shouldn’t be here. But now if they don’t have accounts you can’t fine them to pay for the wall. Catch 22.
You can place a fee on funds send home.
We don’t want them being able to conduct commerce here.
Close their accounts. Take their funds.
Adios...
$27 billion out of our economy never to return never to create another American job - every year. Not including the udder costs.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.