Remittances to Mexico and Central America top $53 Billion in 2018

Remittances to Mexico and Central America topped $53 billion (with a ‘B’) in 2018. Shouldn’t we just pass a law that puts a 10% tax on these remittances and pay for the wall/border security? After all, many of these folks sending money out of the country entered illegally and were subsidized by us taxpayers.......free bilingual education; free medical care; food stamps once they pop out 5-6 kids.......not to mention most of that money went untaxed through cash jobs and fraudulent tax returns:

https://www.breitbart.com/politics/...o-central-america-jump-to-53-billion-in-2018/

 

Simply put, Yes.

 

No. You are demanding a secondary tax on private spending.

 

No conservative should even remotely consider such a tax. Essentially you are suggesting taxing after tax money that is probably sent to support their family. Could you imagine some lib suggesting we tax money we give our children or family?

 

Great point......except that we do tax gifts to our children and family......not to mention that most of this is not ‘after tax money’ as most Illegal Hispanics work at cash jobs and/or file fraudulent tax returns claiming tax credits using the names of nieces/nephews in Central America as ‘dependents’.........instead of paying taxes they actually get a check from the government that far exceeds the amount deducted from their paychecks.....

 

You are sadly mistaken many of them work with a fake or stolen social security card paying not only state and local taxes but also S.S. and Medicare deducted from their pay,two things they cannot ever claim.

 

Yeah, could you imagine something like, oh, lets call it an estate or inheritance tax. That would be pretty messed up!

 

Or heck......paying taxes on gas every time you fill the car up with your ‘after tax money’....

 

Read it, weep and get with clue that illegal Hispanics are driving around in new F-150s paid for by your tax dollars........while Maria’s in front of your wife at the grocery store with four ‘US citizens’ in tow buying the family’s groceries with food stamps........sucker!...and you don’t even realize it.......sad:

https://www.wthr.com/article/tax-loophole-costs-billions

 

I fully support cracking down on cash jobs and tax evasion in general. I just don't want to see more taxes on small dollar transfers. We already have estate taxes and gift taxes on large dollar amounts. Now we have conservatives proposing more money transfer taxes on small dollar amounts. Should I be taxed on the money I give my children to eat out or see a movie? Should there be taxes on the amount you give your wife to buy groceries and food?

 

Inheritance tax kicks in at about 1 million dollars. I think Trump is trying to raise the threshold. Do you want to see the number lowered? It sounds like something a Bernie Sanders or Elizabeth Warren supporter would like to do.

 

It's more of a export tax.

 

I'd like to see the numbers disappear, but in the case of non-citizens, I don't really care. Tax it to the point that their dollars end up devalued to the equivalent their homelands' "dollar".

 

$53 billion is now ‘small dollar amounts’.........name another industry of that size that doesn’t get taxed or ‘surcharged’ or whatever you want to call it??

 

The 53 billion is the aggregate of all of the transfers. How much is a single person transferring? A what dollar amount do you want to see the transfer tax kick in. Would it be $500 per month? $1000? If I wire money to a child studying in Europe will I have to pay the tax?

 

The article talks about remittances from both legal and illegal immigrants. Do you think we should be taxing the legal immigrants for transferring money out of the country?

 

Is a legal immigrant a non-citizen?

 

Yes. So for a IT company like ours that hires legal immigrants from China, Europe, India, Iran etc... Any money they transfer out of the country will have an additional tax on it. Is that the policy you want to propose?

 

We should just call it a tariff.

 

you seem to be forgetting that whole money crossing an international border thing.

 

Yes

 

I wouldn't object to it. I'd even if be willing to discuss broadening who's exempt. Mainly I want to see things that discourage this scenario. To the point that it's not even worth it if one's intent is simply sending a higher valued currency to their nation of origin. I'd even be okay if goods they purchased here and sent home weren't subject to any additional fees.

 

I don't want to see NEW TAXES on money being transfer out of the country either. There are a lot of legitimate reasons why legal immigrants and citizens would transfer money out of the country. We hire legal immigrant programmers from all over the world. If they wish to transfer money home I see no reason to tax them again. If my child is studying in Europe or traveling and I have to wire them money I would not like to see a tax on it. I fully support enforcing the laws we have. If illegals immigrants are working without paying taxes then all the more power to the people trying to stop them using our existing laws. As a fiscal conservative it make me want to pull out my hair when I here people wanting to create more things to tax.

 

Why do you want to control what people do with the money they earn? If they are in the country legally and they pay taxes who cares. Why do you want the state to regulate these people more? They go through a long process to get a visa to legally work in the county and now you want to create more processes. We would probably need to create new agencies to see what good people can transfer back tax free and goods that will be taxed.

 

Again, if they're a non-citizen, I'm not too concerned, especially if their intent is just sending money home.