Saturday, May 20, 2006

Hispanics and Taxes

The National Academy of Sciences says:

Annually, the average undocumented immigrant contributes about $1,800 more in taxes than he or she receives in benefits, according to the National Academy of Sciences, a private, nonprofit group of scholars performing scientific and engineering research. During a lifetime, this adds up to an estimated $80,000 more in taxes than they will receive in local, state and federal benefits.
Source: http://www.jotf.org/Media%20Archive/DailyRecord072304%20-%20undocumented.htm

Second, while they do pay sales taxes, as you pointed out, they do not contribute anything in terms of income taxes, medicaid/medicare costs, or FICA.
Again, from the same article:
Through the 1990s, the Social Security Administration reported contributions to its trust fund from $250 billion in wages from false social security numbers. In 2000, it noted that $49 billion in wages could not be matched to their database of social security numbers.
In Maryland, state Comptroller William Donald Schaefer says his office holds $240 million in unclaimed tax refunds from 470,000 individual accounts.
And undocumented immigrants are not eligible for the earned income tax credit because, according to the Internal Revenue Service, they must have a valid social security number to apply for it.

3 Comments:

Blogger Roberto said...

My only problem with illegal immigrants: I'd like to get a job, and they take up quite a few.

Sat May 20, 10:03:00 PM EST  
Blogger Julie Alexander said...

Wow...good info. I guess I hadn't thought about the taxes withheld on false SSNs. The next question is, I wonder what the gov't is doing with that $? Thanks for the prayers....

Mon May 22, 08:55:00 AM EST  
Blogger Sage said...

They're one of the hardest kinds oif workers today. I'm not colorist or anything... but they almost never get tired. America needs those people, whether we like it or not!!!

Tue May 23, 09:01:00 AM EST  

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