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Latest figures available for 2014. $54 billion [over $1 billion a week] was transferred from people in the U.S. to people in other countries.
$25 billion to Mexico
$15 billion to China
$10 billion to India
$10 billion to Philippines
Others with high amounts of cash transfers- Vietnam, Nigeria, Guatemala, El Salvador, Dominican Republic, Korea.
Most of the people sending the money are working minimum/low wage jobs but can send $54 billion to relatives and friends back home.
Just curious. How do you know " most of the people sending money are working minimum/ low wage jobs"
Are people required to disclose their wage to send money out of the US?
One of my neighbors is an MD. She routinely sends money to her extended family in India. I have no idea how much. None of my business.
...
One of my neighbors is an MD. She routinely sends money to her extended family in India. I have no idea how much. None of my business.
None of any of our business -- but apparently not according to conservatives on this thread. So much for keeping the government out of personal matters.
None of any of our business -- but apparently not according to conservatives on this thread. So much for keeping the government out of personal matters.
Are large percentage of those remmittances especially to Mexico and South America are from Illegal Aliens working in this country. That is the Government's business.
Where do you dream this stuff up? I guess you don't know it isn't illegal to send money abroad. This isn't Nazi Germany. (yet)
To it isn't illegal to send money overseas. I do so myself to family members in Eastern Europe. But given that the end result is damaging our country and economy by 54 BILLION stings per year, it would be wise to impose a higher cost on those who do. And I'd suspect that a large portion of that money sent by those with obvious close ties or loyalties come from those who are here illegally and are not legally entitled to earn that money *and* are not paying taxes on that money.
Quote:
Originally Posted by MTAtech
But I do marvel at the conservative mind that can reconcile two opposing ideas 1) The idea that people are free to take actions, and; 2) make everything they don't like illegal.
Would that be anything like the liberal wet dream of removing arms from most American citizens based upon some arbitrary criteria as the guns are black and scary looking, or just hold too many rounds, or restricting the size sodas one may buy in certain areas, or mandating that people can no longer decide what the best path is to maintaining (or forgoing) their health insurance coverage?
Wow, talk about movement to the Nazi ideals... Look at the past when Dems have been in charge.
[quote=Workin_Hard;43139900]To it isn't illegal to send money overseas. I do so myself to family members in Eastern Europe. But given that the end result is damaging our country and economy by 54 BILLION stings per year, it would be wise to impose a higher cost on those who do. And I'd suspect that a large portion of that money sent by those with obvious close ties or loyalties come from those who are here illegally and are not legally entitled to earn that money *and* are not paying taxes on that money.[/QUOTE
As I said previously, sending people in other countries green pieces of paper does us no harm. That money need to eventually come back.
Also, $54 billion is a tiny part of the economy.
It's also an unfounded conclusion that "illegals" are sending the money. Those people do, in fact, pay taxes on money that is recorded. If they are getting paid in cash, just like citizens who get paid in cash, they are obligated to pay income taxes and their employer is obligated to take withholding and Social Security taxes.
Quote:
Originally Posted by Workin_Hard
Would that be anything like the liberal wet dream of removing arms from most American citizens based upon some arbitrary criteria as the guns are black and scary looking, or just hold too many rounds, or restricting the size sodas one may buy in certain areas, or mandating that people can no longer decide what the best path is to maintaining (or forgoing) their health insurance coverage?
Wow, talk about movement to the Nazi ideals... Look at the past when Dems have been in charge.
You suffer from the misconception that liberals want to take your guns away. Liberals, like most Americans, want sensible measures, like background checks -- just like Ronald Reagan supported.
As I said previously, sending people in other countries green pieces of paper does us no harm. That money need to eventually come back. Also, $54 billion is a tiny part of the economy. It's also an unfounded conclusion that "illegals" are sending the money. Those people do, in fact, pay taxes on money that is recorded. If they are getting paid in cash, just like citizens who get paid in cash, they are obligated to pay income taxes and their employer is obligated to take withholding and Social Security taxes.
What makes you think for one second that someone in the country illegally is going to report illegally-obtained income to the government when that means they'll have to surrender part of it as taxes? They've already committed a serious criminal act by their very presence here. Do you actually believe it would trouble them to commit another? Especially when complying with that law reduces the money available to them, either to keep or send back to their homes and homies.
Quote:
Originally Posted by MTAtech
You suffer from the misconception that liberals want to take your guns away. Liberals, like most Americans, want sensible measures, like background checks -- just like Ronald Reagan supported.
I'm not suffering from anything.
Obama stated that he believes that people should not have guns. Pelosi stated that if she could get the votes to mandate it, everyone would have to surrender their arms. In states such as New York, Maryland, Connecticut, and the District, simple possession of both certain types of firearms and standard-capacity magazines are criminal acts. California's state and many California city gun laws are nothing short of Draconian. Where's the "sensible" part come in?
I've nothing against background checks on most gun purchases and have undergone those checks for most of my purchases. But I sometimes buy and sell privately. Mandating checks for such purchases creates a paper trail likened to registration. And we know where registration leads.
But I digress, and this is part of another thread where we can take this conversation. Back to the money issue.
Last edited by Workin_Hard; 02-25-2016 at 10:09 AM..
As I said previously, sending people in other countries green pieces of paper does us no harm. That money need to eventually come back.
Also, $54 billion is a tiny part of the economy. It's also an unfounded conclusion that "illegals" are sending the money. Those people do, in fact, pay taxes on money that is recorded. If they are getting paid in cash, just like citizens who get paid in cash, they are obligated to pay income taxes and their employer is obligated to take withholding and Social Security taxes.
You suffer from the misconception that liberals want to take your guns away. Liberals, like most Americans, want sensible measures, like background checks -- just like Ronald Reagan supported.
The illegals work for cash and live a cash existence.
Go to any supermarket with a Western Union here in Texas on a Sunday.
Sunday is send money home day. And the customer service has Western Union forms preprinted with the Mexican banks.
In 2012 a total of $120 billion left the US. That is money not spent here, not going back into our economy. That is money supporting other countries' budgets and economies.
When you work for cash you are NOT paying taxes.
LOL..they are "obligated" to pay taxes. How naive.
Latest figures available for 2014. $54 billion [over $1 billion a week] was transferred from people in the U.S. to people in other countries.
$25 billion to Mexico
$15 billion to China
$10 billion to India
$10 billion to Philippines
Others with high amounts of cash transfers- Vietnam, Nigeria, Guatemala, El Salvador, Dominican Republic, Korea.
Most of the people sending the money are working minimum/low wage jobs but can send $54 billion to relatives and friends back home.
what your problem with them remitting their extra money? thats their money, not yours.
why dont you compare the amount of money spent by american tourists abroad? im sure thats even bigger.
same money not being spent here but you dont complain about it.
how about the investments made by american companies abroad then bring their products here? thats even bigger money than the 54B you are ranting about
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