The 2024 Presidential Race Thread

Babagounj

Strength through joy
Now is the time for talk about "Remittances".
In 2019, for instance, it was estimated that the United States lost $150 billion a year from the economy as foreigners sent that money back to their home countries.
That is money stripped out of our economy, never to be seen again.

Oklahoma taxes remittances.
If migrants don't file tax returns then they don't see this tax refund.
TAX CREDIT NOTICE TO OKLAHOMA TAXPAYERS
This fee is $5.00 for the first $500.00 and 1% thereafter. If you file an Oklahoma Tax Return, you may be eligible for a tax credit equal to the amount of the fee remitted. To qualify for the tax credit you must maintain your receipt with the transaction number for the purpose of filing your Oklahoma income tax return.
In 2016, pursuant to the Annual Report of the Oklahoma Tax Commission (Fiscal Year Ended June 30, 2016), the Wire Transmitter Fee collected was US $12,696,879.25 .

Now if only other states also taxed remittances, they could afford the costs associated with housing all these new migrants.
Bush loosen restrictions on remittances, Trump tighten them, only to see Biden reverse them.
 

newolddude

Well-Known Member

vantexan

Well-Known Member


(Before you howl about the liberal media: the Florida Standard is a conservative outlet with ties to Ron DeSantis.)
So? I knew her parents were from India when she was governor of South Carolina. Haley is her married name. She is very much American.
 

BrownFlush

Woke Racist Reigning Ban King
1700791465367.png
 

vantexan

Well-Known Member
Now is the time for talk about "Remittances".
In 2019, for instance, it was estimated that the United States lost $150 billion a year from the economy as foreigners sent that money back to their home countries.
That is money stripped out of our economy, never to be seen again.

Oklahoma taxes remittances.
If migrants don't file tax returns then they don't see this tax refund.
TAX CREDIT NOTICE TO OKLAHOMA TAXPAYERS
This fee is $5.00 for the first $500.00 and 1% thereafter. If you file an Oklahoma Tax Return, you may be eligible for a tax credit equal to the amount of the fee remitted. To qualify for the tax credit you must maintain your receipt with the transaction number for the purpose of filing your Oklahoma income tax return.
In 2016, pursuant to the Annual Report of the Oklahoma Tax Commission (Fiscal Year Ended June 30, 2016), the Wire Transmitter Fee collected was US $12,696,879.25 .

Now if only other states also taxed remittances, they could afford the costs associated with housing all these new migrants.
Bush loosen restrictions on remittances, Trump tighten them, only to see Biden reverse them.
On the flip side the illegals who use phony documents to get work will never get the Social Security taxes back they and their employers paid into the system.
 

Sportello

Well-Known Member
Hope it feels like it was worth it for them when Trump, the most pro-Israel President ever is re-elected.


 
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