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Psst! Someone with a 9th grade education and 2 kids isn't going to be paying taxes. I am not talking about sales tax or state taxes, I am talking about the big one- income tax. This person is always going to use more in services than they contribute. Which means that everybody else kicks in extra to cover the shortfall. This is not exactly a Path to Greatness.
you do understand that they use (shhh) fake documentation to get employment, right?
So they do pay the "big one" as you state...income tax. They just don't get that nice refund in April like the rest of us.
Something a little more recent for our New Mexican Amigo.
Illegal immigrants are paying taxes to Uncle Sam, experts agree. Just how much they pay is hard to determine because the federal government doesn't fully tally it. But the latest figures available indicate it will amount to billions of dollars in federal income, Social Security and Medicare taxes this year. One rough estimate puts the amount of Social Security taxes alone at around $9 billion per year.
Bogus. The data for so-called ITN mortgages (those made to borrowers not having Social Security numbers, the vast majority of whom are illegal aliens) are much better than those for mortgages issued to US citizens. The overall defauilt rate on ITN mortgages only recently went past 1%. US citizens have been flitting around 6%. It's "common knowledge" that illegal immigrants and other low- and moderate-income folks don't have any money and must therefore be bad credit risks. Unfortunately, this "common knowledge" is wrong...
Should be here in AZ - your "averages" will be skewed - remember - we are chasing illegals out of Arizona
Well shucks. I am more inclined to blame those who provided those loans without doing the minimal due diligence to check if the consumers could afford them.
Free Market Run Wild. Boom Boom Good Times.
That would be a gal named Fannie and her friend Freddie. Seems a certain party insisted they underwrite loans for them consumers regardless of their ability to pay. They knew the default rate would be high - testified to congress that it would be; they did it anyway.
Well shucks. I am more inclined to blame those who provided those loans without doing the minimal due diligence to check if the consumers could afford them.
Free Market Run Wild. Boom Boom Good Times.
Try reading about what happened to banks that refused mortgages to illegal aliens and others who clearly did not qualify for the loan amount.
you do understand that they use (shhh) fake documentation to get employment, right?
So they do pay the "big one" as you state...income tax. They just don't get that nice refund in April like the rest of us.
Something a little more recent for our New Mexican Amigo.
Illegal immigrants are paying taxes to Uncle Sam, experts agree. Just how much they pay is hard to determine because the federal government doesn't fully tally it. But the latest figures available indicate it will amount to billions of dollars in federal income, Social Security and Medicare taxes this year. One rough estimate puts the amount of Social Security taxes alone at around $9 billion per year.
you do understand that they use (shhh) fake documentation to get employment, right?
So they do pay the "big one" as you state...income tax. They just don't get that nice refund in April like the rest of us.
Something a little more recent for our New Mexican Amigo.
Illegal immigrants are paying taxes to Uncle Sam, experts agree. Just how much they pay is hard to determine because the federal government doesn't fully tally it. But the latest figures available indicate it will amount to billions of dollars in federal income, Social Security and Medicare taxes this year. One rough estimate puts the amount of Social Security taxes alone at around $9 billion per year.
With sensible regimes, we would know everyone who is here, they would all pay their taxes, and there would never have to be another amnesty again.
You see, the real fun will not begin until illegal aliens are granted amnesty. Since the vast majority have minimal education and no particular job skills, they will pay little, if any, income taxes while at the same time being able to fully feast at the buffet of benefits formerly reserved for actual US citizens. They are always going to cost more than they contribute. An actual American with a 9th grade education is going to cost society more than they contribute. And somebody is going to have to make up the shortfall.
The plan to turn the US into a Third World dump is coming along very nicely. No doubt you will have further success in the future. Just remember that I have got dibs on that spot near the heating grate next to the loading dock of the Sheraton in downtown Chicago, so don't even think about it!
Yea. I did it to buy beer back in the day. (lucky this is an anonymous forum!!)
Buying beer and condoms is alot different then getting credit to buy furniture, or to make agreements with a local hospital to pay a bill. Luckily I haven't had my identity stolen - and not saying that only illegal immigrants do this btw - but it is a serious crime that does make life hell for the victim of it.
I didn't say if they all left it would solve any problems. It would only present a new set of circumstances to deal with.
If all of the illegal aliens suddenly disappeared in the morning, there would be job openings all over the place. That's a good thing,
UNLESS -
You figure a legal resident will have to take one of these jobs below minimum wage which will employ him, but not at a living wage, so he will still require food stamps and other government (read:taxpayer) assistance to live. If he will not take the cheap job, the wage paid will have to be raised to make the job more attractive. That's a good thing,
UNLESS -
You also figure that the price of goods produced or services provided will have to be raised to pay the worker what he needs to support himself.
The other way to accomplish this is to keep the prices stable, pay the worker more, and let management take a cut in pay to cover the difference since they produce nothing of value, anyway.
Like that is really going to happen in all but one or two of a million cases.
Also, if the cost of goods and services increases, either all other wages have to increase so that they are affordable or there will be a glut because of lack of demand that will force prices down again.
Ain't Economics Fun?
We are currently facing the prospect of deflation. Yep, Your on the right track with your reasoning.
If the illegal aliens all disappeared tomorrow, the products and services they produced would be made by Americans for higher wages and perhaps even some benefits. The difference in the pay between the illegal worker and the American worker would simply be split between the new worker and the employer based on supply and demand that would now favor the American worker. Can you just imagine the problems we currently face due to low demand for American workers that would be solved by taking the burden of illegal competition out of the equation. Keep in mind the illegal workers aren't trying to set their roots here because they don't know when they will be sent home. They typically send a great deal of their money home to care for relatives there, but also to build dream houses in Mexico. Good for the Mexican economy and property values there but not the US economy or property values here.
Whether prices rise or fall, the employers will have less standing in the negotiations and business opportunities for everyone would explode. I'm an auto mechanic. If the Arab-owned repair shops in SE MI had to cease employing illegal Arab employees, my value would skyrocket. I would work all the hours I would be willing to work. The same would apply to other American workers who wouldn't have time to repair their own vehicles any longer because they would simply be too busy working. We would all have less time to cook our meals and shop for food so the restaurant industry would boom. Now cooks, wait staff and restaurant managers would be bringing their vehicles and their money to me. Yes, economics is fun! Yippee!
Absolutely, the businesses that knowingly and repeatedly hire illegals need to be fined as well as possible jail time in order to stop this practice.
"knowingly and repeatedly hire illegals"
Nonsense. This is simply the current system that has completely failed US workers. The reason it happens repeatedly is because someone getting caught is unlikely and the penalties for employing illegals is outweighed by the financial benefits of employing people who work for less money than legitimate American workers. If enforcement worked, the problem would cease to be.
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