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Posted on 11/28/25 at 11:29 pm to Figgy
quote:
How do you know which ones are sent from illegals? What’s to stop an illegal from having a legal friend or family member send the remittance for them?
This is why taxing them might be better than seizing them. Of course there will be some known fraudulent SS #s that could be candidates for seizure.
But what's to stop an illegal from sending his extra debit card, or a pre-paid debit card, or an Amazon/Walmart gift card, to his family rather than the traditional remittance?
Posted on 11/28/25 at 11:57 pm to Kjnstkmn
quote:
Bessent / US Treasury to seize remittances sent my illegals
Posted on 11/29/25 at 12:00 am to shinerfan
quote:
But what's to stop an illegal from sending his extra debit card, or a pre-paid debit card, or an Amazon/Walmart gift card, to his family rather than the traditional remittance?
Where there’s a will there’s a way to get around this. The $2,000 threshold seems really high to me in addition to the problems we’ve already highlighted.
Posted on 11/29/25 at 5:21 am to StormyMcMan
quote:
How many people do you think regularly send over 2k? This press release just seems like a way to stir things up and won't actually have much impact due to the 2k threshold
Seriously? You don't think folks find a way around that?
Posted on 11/29/25 at 5:36 am to Kjnstkmn
This is kind of an ironic take from an admin that claims to be pro-crypto. Actually they are probably doing this to drive more money into crypto
This post was edited on 11/29/25 at 5:38 am
Posted on 11/29/25 at 5:53 am to Kjnstkmn
What took so long.? All of this Day 1 stuff. Benefits are just now being cut off. Day 1.
Posted on 11/29/25 at 5:54 am to trinidadtiger
quote:
The US can use our SWIFT banking system to track who is now sending amounts that vary from their previous transactions , see who gets nervous and used to send 500 bucks is now sending multiples.
You totally glossed over his point that people aren't likely to be sending 2k in the first place, so this change in behavior won't be seen in the system.
Posted on 11/29/25 at 6:01 am to SlowFlowPro
quote:
You totally glossed over his point that people aren't likely to be sending 2k in the first place, so this change in behavior won't be seen in the system.
Reading isnt difficult, try the second part of the sentence. So if a person is sending 500 a month and gets nervous and starts sending 250 it would be flagged. Easy to set up a program and see the changing in wiring habits once this is announced, and then take a look at these individuals.
How many times did I hear in the Caribbean "Even if you have a green card Trump is stopping you from returning to the US". Same would apply here, "Trump is targeting all remittances, or any remittances that total 2K in a month".
In any event, the 2K limit is probably to cut down on drug trafficking not normal wire transfers.
This post was edited on 11/29/25 at 6:09 am
Posted on 11/29/25 at 6:06 am to SlowFlowPro
On the flip side, I will tell you the remittance part of this will have little effect.
Venezuelans here in Trinidad use private "companies" to send money home to Venezuelans. They take their money to a house here in Trinidad, have their wife on Whatsapp sitting in a house in Venezuela. He hands the guy here TT dollars, he says the exchange rate is X, and he tells his partner on speaker phone in Venezuela to give the wife X US dollars.
The wiring cost is less than Western Union, etc. And of course "the company" in Venezuela is a cousin of a nephew of some govt official.
Venezuelans here in Trinidad use private "companies" to send money home to Venezuelans. They take their money to a house here in Trinidad, have their wife on Whatsapp sitting in a house in Venezuela. He hands the guy here TT dollars, he says the exchange rate is X, and he tells his partner on speaker phone in Venezuela to give the wife X US dollars.
The wiring cost is less than Western Union, etc. And of course "the company" in Venezuela is a cousin of a nephew of some govt official.
Posted on 11/29/25 at 6:07 am to SlowFlowPro
The bigger part of this is the fraud in other govt programs, earned income tax credit, wic etc.
Posted on 11/29/25 at 6:14 am to trinidadtiger
quote:
So if a person is sending 500 a month and gets nervous
Why would they get nervous?
Posted on 11/29/25 at 6:21 am to Kjnstkmn
The only question is whether or not they'll actually do it in significant numbers.
Posted on 11/29/25 at 6:39 am to imjustafatkid
quote:
Completely agree with this, but new taxes have to originate with Congress.
Earlier this year Congress included a 1% tax on remittances as part of the BBB. It goes into effect January 1st.
Posted on 11/29/25 at 7:08 am to Kjnstkmn
About damn time.
Posted on 11/29/25 at 7:44 am to Bama Mountain
quote:
Earlier this year Congress included a 1% tax on remittances as part of the BBB. It goes into effect January 1st.
Great. Not nearly enough.
Posted on 11/29/25 at 7:54 am to IMSA_Fan
The Mexican narco-government also set up a system to avoid remittance taxes earlier this year. There are just thousands of ways to avoid detection when ‘wiring’ funds these days, and the illegal alien/foreign born ‘labor ballads’ are not as dumb at this as many assume.
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