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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1428911)	12/18/2023 6:58:38 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1577883

Wharfie, I give up; how much? There are about 12M "undocumented" immigrants in America. Let's say about half of them work. Let's also say they work the equivalent of 30 hours a week over 50 weeks for about $10/hour, paid under the table. That leads to about $15K/year in income. Assume an effective tax rate of 10% (including both employer and employee-paid FICA, plus Medicare, minus standard deductions and EITC). That leads to a potential federal tax liability of $1.5K/year/person that they're dodging. Multiply that over 6M, and you get about $9B/year in taxes dodged. And that's just counting federal income taxes. State taxes, such as income and sales, are even harder to estimate. Now before you tell me that $9B/year is but a drop in the budget compared to the federal budget, remember that your meme claims that "undocumented" immigrants pay $11B/year in taxes, which is also a drop in the bucket. Either way, most "undocumented" immigrants dodge billions of dollars worth of taxes. They have to, or else there'd be no reason to hire them over legal residents. Tenchusatsu