July 25, 2010 NOTE: PLEASE say if you DON'T want your name and/or email address published when sending VDARE email. 07/24/10 - A Houston CPA Says: Hike Visa Fees To Generate Billions! A Missouri Reader Says That, If Amnestied, Employed Tax Paying Aliens Will Still Drain Economy
From:
U.G.
Sullivan (e-mail him)
U. S. Representative
Joe
Wilson
was an optimist.
Wilson, as you remember, was firmly upbraided for his
outburst during one of
President Barack Obama’s
healthcare
speeches. We may soon wish that Obama planned
nothing
more
heinous
than simply including illegal immigrants in a
public health care
option.
The reality of Obama’s grand design will be much more
devastating to the long-term financial viability of our
nation.
The on-going chatter about
“reforming”
immigration by granting illegal aliens a
“path to citizenship” should be a red-flag to any thinking conservative
with a calculator and access to the tax code.
Senator Harry Reid, and his fellow amnesty advocates, are quick to
point out that naturalized
citizens are subject to the
federal income tax, and
(by that reasoning) pay their fair share.
Nothing could be further from the truth.
Currently, 47 percent of American households pay no
federal income tax. In fact, many receive
tax
“rebates”
in excess of what is withheld from their pay. [47 Percent Will Pay No Federal Income Tax,
by Jean Sahadi, CNNMoney.Com, October 3, 2009]
Here is how it works.
A family with three or more children, and earned income
of less than $48,362.00, is entitled to a maximum
earned income tax credit of $5,666.00. That credit creates a
negative tax rate making them net recipients of federal
income tax dollars.
The “path to
citizenship” provides access to all the benefits
without incurring any of the financial
responsibility. Amnesty will burden taxpayers with
providing services to millions of new citizens –
services for which the majority of those newly minted
Americans will actually be paid to enjoy. [Nearly Half of U.S. Households Escape Fed Income
Tax, by Steven Olemacher, Associated Press, April 7, 2010]
The immigration
status quo puts us on an economic collision course
with a tragic destiny. No country can outspend its
income by trillions each year and expect to remain
solvent.
Amnesty would hasten the pace of our
national demise
and, once in place, its consequences are irreversible.
Sullivan explains that in his example, he
applied the
standard deduction and exemptions, then subtracted the
EITC. A previous letter from Sullivan offering his
“simple solution”
to American job loss is
here. |
