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Posted on 6/28/14 at 4:45 pm to udtiger
quote:
It's because of a fricking footnote in a Supreme Court decision.
It's bullshite and no other country does this.
This. It's bullshite and one of those items that needs to be added to the Constitutional Convention list of things to do.
Posted on 6/28/14 at 7:00 pm to davesdawgs
I could be wrong, but, IMHO, Congress could pass a law that would make all future "anchor babies" to be illegal aliens, just like their parents.
I'm not sure that a Constitutional Amendment is necessary.
I'm not sure that a Constitutional Amendment is necessary.
Posted on 6/28/14 at 7:04 pm to Champagne
A lot of tax revenue is actually being generated by this. A LOT more now than ever. It is sorta a cash cow for us as a country in tax revenue at the moment.
You can bank on it that congress doesn't want to change it right now. I don't either and neither should anyone that doesn't want tax rates going up if that revenue stream was turned off.
You can bank on it that congress doesn't want to change it right now. I don't either and neither should anyone that doesn't want tax rates going up if that revenue stream was turned off.
This post was edited on 6/28/14 at 7:06 pm
Posted on 6/28/14 at 7:21 pm to Tiger n Miami AU83
quote:
A lot of tax revenue is actually being generated by this. A LOT more now than ever. It is sorta a cash cow for us as a country in tax revenue at the moment.
You can bank on it that congress doesn't want to change it right now. I don't either and neither should anyone that doesn't want tax rates going up if that revenue stream was turned off.
Are you saying an anchor baby creates revenue?
Posted on 6/28/14 at 7:23 pm to chity
Big revenue if you are talking children born here from foreign parents. You have no idea. So you learned something today. 
Posted on 6/28/14 at 7:24 pm to chity
quote:Because government
Would someone please explain this to me why.
Posted on 6/28/14 at 7:36 pm to Tiger n Miami AU83
quote:
Big revenue if you are talking children born here from foreign parents. You have no idea. So you learned something today.
How?
Posted on 6/28/14 at 7:41 pm to Tiger n Miami AU83
I'll explain how it works to...
Many wealthy and ultra wealthy foreign families have always come here to have their children so they can be US citizens.
Whether the child stays in the US or eventually moves here is irrelevant. The individual has to pay U.S. taxes.
The US gives a foreign tax credit for taxes the person pays in the foreign country, but it is rarely enough and the US then gets it's cut.
Here is an example..
Foreign family worth 100 mill has their children here. Their kid pays US taxes the rest of their life. Say they are from a foreign country with no tax on dividends or interest and they take in 100-200k per in interest and dividends from the families wealthy every year. No foreign tax credit, US collects big tax dollars every year. Doesn't even matter if the individual even stays or comes back to the US, though most end up here at least part of the time, buying property here and so forth.
Then, guess what, when person dies all their US property they acquire is subject to estate taxes.
Many wealthy and ultra wealthy foreign families have always come here to have their children so they can be US citizens.
Whether the child stays in the US or eventually moves here is irrelevant. The individual has to pay U.S. taxes.
The US gives a foreign tax credit for taxes the person pays in the foreign country, but it is rarely enough and the US then gets it's cut.
Here is an example..
Foreign family worth 100 mill has their children here. Their kid pays US taxes the rest of their life. Say they are from a foreign country with no tax on dividends or interest and they take in 100-200k per in interest and dividends from the families wealthy every year. No foreign tax credit, US collects big tax dollars every year. Doesn't even matter if the individual even stays or comes back to the US, though most end up here at least part of the time, buying property here and so forth.
Then, guess what, when person dies all their US property they acquire is subject to estate taxes.
Posted on 6/28/14 at 7:49 pm to Tiger n Miami AU83
Btw, sometimes the wealthy foreign families do not mind the tax hit and their children being US citizens is worth it.
Sometimes, they are not aware though. Not being aware can result in the children renouncing their US citizenship when they get older, BUT, there is a big catch..
The expatriation tax the individual has to pay on their net worth if they renounce.
Bottom line, the US gov gets it's cut. And it is a cut of foreign wealth that has nothing to do with the US.
We are the only country with a true worldwide instead of territorial tax system. Some want to change that as it is sorta bullshite, but good luck getting a congress to do so.
Sometimes, they are not aware though. Not being aware can result in the children renouncing their US citizenship when they get older, BUT, there is a big catch..
The expatriation tax the individual has to pay on their net worth if they renounce.
Bottom line, the US gov gets it's cut. And it is a cut of foreign wealth that has nothing to do with the US.
We are the only country with a true worldwide instead of territorial tax system. Some want to change that as it is sorta bullshite, but good luck getting a congress to do so.
This post was edited on 6/28/14 at 7:50 pm
Posted on 6/28/14 at 7:49 pm to Tiger n Miami AU83
quote:
Foreign family worth 100 mill has their children here. Their kid pays US taxes the rest of their life. Say they are from a foreign country with no tax on dividends or interest and they take in 100-200k per in interest and dividends from the families wealthy every year. No foreign tax credit, US collects big tax dollars every year. Doesn't even matter if the individual even stays or comes back to the US, though most end up here at least part of the time, buying property here and so forth
And what percentage meet this model, 1%? What about the other 99% who just come here to milk the social services.
Posted on 6/28/14 at 7:52 pm to chity
Small percent. But a small percent with BIG money that means big tax dollars.
The wealthy in the US foot the vast majority of the tax bill. Same principal.
Take a bite out of the big pie rather than a lot of nibbles on crumbs.
The wealthy in the US foot the vast majority of the tax bill. Same principal.
Take a bite out of the big pie rather than a lot of nibbles on crumbs.
Posted on 6/28/14 at 9:37 pm to TrueTiger
quote:
Would libs mind if we forced all pregnant illegals to have abortions?
Yes, they would. Their position is that it should be the mother's choice. Obviously a forced abortion takes away that choice.
Posted on 6/28/14 at 11:38 pm to Tiger n Miami AU83
quote:
A lot of tax revenue is actually being generated by this. A LOT more now than ever. It is sorta a cash cow for us as a country in tax revenue at the moment.
I would be pleased if you are correct about this -- very pleased indeed.
I would like it if FedGov could make money off of this rather than lose money.
Posted on 6/29/14 at 2:02 am to chity
This is international. ´Anchor babies´ are a fact of life everywhere in the ´Western World´.
Anyway, this is the USofA, why all of a sudden, do you feel it imperative to modify the modus operandi of this country? A country founded and raised to greatness, upon economic and political exiles?
What gives the citizens of this country the right to say it´s some type of inexpugnable sovereign entity?
Anyway, this is the USofA, why all of a sudden, do you feel it imperative to modify the modus operandi of this country? A country founded and raised to greatness, upon economic and political exiles?
What gives the citizens of this country the right to say it´s some type of inexpugnable sovereign entity?
This post was edited on 6/29/14 at 2:17 am
Posted on 6/29/14 at 4:26 am to Jbird
quote:
shitting out a kid
Is that what you mean when you prattle on about the sanctity of life?
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