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I don't know the answer to this...maybe someone does.
If President Trump decided to use cash from US residents being sent to relatives in Mexico to pay for his wall, could these transactions just be handled by a prepaid crfedit card or some other credit card transfer setup? If I was supporting parents in Mexico but I lived in the US, could I authorize them to use a joint credit card or just pay their credit card bill? This assumes they live somewhere with credit card enabled vendors.
If illegals are sending money that has not been taxed as income, that should be shut down. If this is after-tax money, the sender can prove it on their 1040. This can be handled the same as a 401k distribution where the taxes are withheld in advance and you get a credit at tax time.
Taxing remittances, wire transfers and/or witholding financial aid and assistance to Mexico (and other countries SOB) are just a couple of ways to make "Mexico" help pay for any "wall" - physical or virtual. SOB needs us way more than we need them. The only thing they send us is cheap labor, and that's available all over the world if we need to import it.
It honestly just takes an executive with the chutzpah to actually stand up to arrogant countries like Mexico. To have some "real talk" with these countries who are pushing their poor and unwanted north into the United States to avoid having to fix their problems at home. For all his blustering this is one of the things Trump has right.
The other candidates don't even acknowledge the problem. Or think the problem is "too many deportations" or "breaking families up" (as if when dad has to go back to Chiapas the kids just HAVE to stay in the US or something!)
There should be a tax or surcharge paid on Western union transfers of money out of the country.
It doesn't help our economy when money that is earned here is not spent here. We have so many legal and illegal people who work and send their pay back home. We have others who don't work who collect welfare and they send supplies back.
I can't help but think of these people as ticks. They suck the blood from their host, get their fill then go home.
I have seen this play out in a nearby Brazilian community where the guys both legal and not work hard and send the money home. It is great that they want to work and will often work cheaper, not so good for the American worker that is often displaced by this practice but they do work. In many cases you get what you pay for.
The major problem with this arrangement of sending American dollars back is what happens to America when it is sucked dry? They can go home but where do we go?
If illegals are sending money that has not been taxed as income, that should be shut down. If this is after-tax money, the sender can prove it on their 1040. This can be handled the same as a 401k distribution where the taxes are withheld in advance and you get a credit at tax time.
This must be the party of small government I keep hearing about.
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decided to use cash from US residents being sent to relatives in Mexico to pay for his wall, could these transactions just be handled by a prepaid crfedit card or some other credit card transfer setup? If I was supporting parents in Mexico but I lived in the US, could I authorize them to use a joint credit card or just pay their credit card bill? This assumes they live somewhere with credit card enabled vendors.
