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Tue Mar 13, 2018, 02:15 PM

Tax EVERY dollar wired to Mexico from the United States at a rate of 20%.

Wall.

Paid for.

21 replies, 297 views

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Reply Tax EVERY dollar wired to Mexico from the United States at a rate of 20%. (Original post)
JaimeBondoJr Mar 2018 OP
bruiserboy Mar 2018 #1
MumblyPeg Mar 2018 #2
Carl Mar 2018 #3
nolidad Mar 2018 #5
Carl Mar 2018 #7
JaimeBondoJr Mar 2018 #6
nolidad Mar 2018 #4
Baba Lives Mar 2018 #8
JaimeBondoJr Mar 2018 #9
Baba Lives Mar 2018 #11
JaimeBondoJr Mar 2018 #14
Baba Lives Mar 2018 #17
jh4freedom Mar 2018 #15
Valishin Mar 2018 #12
Baba Lives Mar 2018 #13
GoldwatersSoul Mar 2018 #18
Valishin Mar 2018 #20
Badsamm Mar 2018 #10
PrescientWon. Mar 2018 #16
It Guy Mar 2018 #19
JaimeBondoJr Mar 2018 #21

Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 02:16 PM

1. All remittances should be taxed

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 02:25 PM

2. how bout making it the same rate we pay when we earn and spend here... about 50% ?

Wall paid for in 3 months

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 02:32 PM

3. I would be on board with this as long as it all goes back to the town/county it was sent from.

They are the ones going bankrupt picking up the tab for the illegals and their kids healthcare and schooling.

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Response to Carl (Reply #3)

Tue Mar 13, 2018, 03:08 PM

5. Not if they are willingly spending for their care!

All hospitals will give care to the very sick- but is states pick up the tab and know they could be illegal--sorry!

Build the wall first, then let excess cash go back to the states. Stop the flood then work on the damage done.

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Response to nolidad (Reply #5)

Tue Mar 13, 2018, 03:19 PM

7. I was not excluding the rest but as a remedy to discourage what is happening now or to mitigate it

some.

I want those that have benefited from illegals to pay back every nickel their neighbors had to pony up as well as end the practice once and for all.

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Response to Carl (Reply #3)

Tue Mar 13, 2018, 03:13 PM

6. It would be a tax on remittance over the international border. A federal tax.

Once the wall is built, lower the tax to what it would take to maintain the wall.

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 03:07 PM

4. Excellent idea!!!!!

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 04:11 PM

8. I don't know that you've thought that through completely

Would that apply to every transaction made from the US to another country?

Because otherwise all someone would have to do is send it to say...Canada and have them remit it to Central or South American countries.

Apply it to every country and you cripple an industry who will be forced to raise prices for transactions. After all, businesses don't pay taxes, they're passed on to consumers in the form of higher costs.

Or they could just send cash through the USPS, FedEx or UPS...no traceability.

Too many ways around the idea.

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Response to Baba Lives (Reply #8)

Tue Mar 13, 2018, 04:37 PM

9. Read my subject line again. Slowly this time.

Remittance to Mexico.

Tax it. Voila... Mexico pays for the wall.

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Response to JaimeBondoJr (Reply #9)

Tue Mar 13, 2018, 05:35 PM

11. And I'll use smaller words for you this time

Said illegal sends money to a relative in Canada. They remit to Mexico on the illegal's behalf. How do you tax that?

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Response to Baba Lives (Reply #11)

Tue Mar 13, 2018, 06:02 PM

14. Wow. Thanks for the smaller words. It seems I owe you an apology. The smaller words worked.

A plan isn't always completed by the person who proposes it. You'll give me that much? Anyway, how about imposing a tracking system on all entities that remit money offshore? Say, five transactions down the line it makes it to Mexico... tax the company that handled the initial remittance and each remittance that follows.

Seems like a win-win. Either the money stays in the local economy and enriches it, or gets taxed.

Feel free to add an idea of your own.

No harm in spitballin'. In '16, 86 billion was sent to Mexico and points south, and the Caribbean. Most of it by illegal immigrants.

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Response to JaimeBondoJr (Reply #14)

Tue Mar 13, 2018, 07:29 PM

17. No harm no foul, and all snark aside

I'm not saying the idea is bad in theory, but the logistics would require more layers to the federal Leviathan than I'm comfortable with.

Sometimes the risk v. reward doesn't pan out the way we'd hope.

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Response to JaimeBondoJr (Reply #9)

Tue Mar 13, 2018, 06:31 PM

15. Easy-peasy

I'd just open an overseas bank/credit online account. Send the money to my foreign bank/credit union, then on to Mexico.

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Response to Baba Lives (Reply #8)

Tue Mar 13, 2018, 05:40 PM

12. This is why

you don't make it a large number. Instead of 20% you make it 1-3% this way it isn't worth the infrastructure to get around it except for large transfers. Those are easier to trace directly.

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Response to Valishin (Reply #12)

Tue Mar 13, 2018, 05:50 PM

13. Exactly nt

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Response to Valishin (Reply #12)

Tue Mar 13, 2018, 07:36 PM

18. Better yet....

SImply create a surcharge of like $5 on each transfer per hundred. 0-99 is $5 100-199 is $10 and so forth. Then you have no math and very easy to provide oversight for foreign cash wire.

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Response to GoldwatersSoul (Reply #18)

Tue Mar 13, 2018, 10:57 PM

20. Something like that would be the mechanic

that would be used more likely than not. Calling it a tax is good though to discussing in theory.

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 04:46 PM

10. Bitcoin

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 07:08 PM

16. yup. e-z

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Response to JaimeBondoJr (Original post)

Tue Mar 13, 2018, 10:46 PM

19. Remittances to Mehico is $140 billion per year.

This also causes a reverse multiplier effect in that this money is not circulating in here helping our economy.

Mehico will be in dire straits without that cash infusion, but that’s not my problem so screwem.

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Response to It Guy (Reply #19)

Wed Mar 14, 2018, 07:48 AM

21. Yes it's a win-win

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