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Started By
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Posted on 1/26/17 at 9:44 am
Posted on 1/26/17 at 9:44 am
(no message)
This post was edited on 9/18/22 at 3:36 pm
11
Posted on 1/26/17 at 9:46 am to cahoots
It's like your retarded. The only one of those that would work is Bitcoin.
Even if 100% of Mexicans used Bitcoin guess who would be losing about $3B in tax revenue from remittances? The Mexican Government. They take that kind of hit and they will come back to discuss their payment terms
Even if 100% of Mexicans used Bitcoin guess who would be losing about $3B in tax revenue from remittances? The Mexican Government. They take that kind of hit and they will come back to discuss their payment terms
This post was edited on 1/26/17 at 9:46 am
Posted on 1/26/17 at 9:46 am to cahoots
quote:
Buy iPhones, ship them to Mexico, sell them for pesos
I think you are severely underestimating the chicklets market in Mexico.
Posted on 1/26/17 at 9:46 am to joshnorris14
quote:Love these
It's like your retarded.
Posted on 1/26/17 at 9:47 am to Iosh
It never fails
I've made a habit of not insulting someone's intelligence in part due to the inevitable irony displayed in my post, it's always the safer option.
I've made a habit of not insulting someone's intelligence in part due to the inevitable irony displayed in my post, it's always the safer option.
This post was edited on 1/26/17 at 9:48 am
Posted on 1/26/17 at 9:47 am to cahoots
quote:
Send cash to Mexico by mail
quote:
Travel to Mexico with cash
Crime is a big problem in Mexico. You think illegal immigrants are going to risk traversing the border especially now that Trump is El Presidente?
quote:
Pay someone to travel to Mexico for you
quote:
PayPal
Just as easy to tax those transfers if desirable.
quote:
Bitcoin
Good luck getting Bitcoin and then converting it once you're in Mexico.
quote:
Transfer money to offshore account and then to Mexico
As long as the tax is less than double wiring, people won't do this. Also, you'd need an offshore account. Mexican laborers aren't exactly international bankers.
quote:
Buy iPhones, ship them to Mexico, sell them for pesos
How much money do you think a laborer ships back at a time?This post was edited on 1/26/17 at 9:49 am
Posted on 1/26/17 at 9:52 am to therick711
quote:Smartphones are exotic rarities in Mexico!
Good luck getting Bitcoin and then converting it once you're in Mexico.
Posted on 1/26/17 at 9:52 am to joshnorris14
I wasn't aware that the Mexican government taxes remittances. When I send money from and to Canada, I'm never hit with a tax bill. The only hit I take on the amount is just the wire transfer fee and the unfavorable exchange rates that the banks use.
Posted on 1/26/17 at 9:53 am to cahoots
Lol Mexicans aren't gonna be able to figure out that shite. They can't even speak English
Posted on 1/26/17 at 9:53 am to therick711
quote:
therick711
Perfectly said.
Posted on 1/26/17 at 9:53 am to joshnorris14
quote:
It's like your retarded. The only one of those that would work is Bitcoin.
Even if 100% of Mexicans used Bitcoin guess who would be losing about $3B in tax revenue from remittances? The Mexican Government. They take that kind of hit and they will come back to discuss their payment terms
A Mexican worker can open a Chase account in the US, mail the debit card to Mexico, and draw cash out of an ATM in Mexico.I just got cash out of an ATM in Mexico City last month.
Posted on 1/26/17 at 9:54 am to Iosh
quote:
Smartphones are exotic rarities in Mexico!
Look at the penetration figures of smartphones to the rural poor which are the people that mostly rely on these remittances.
Posted on 1/26/17 at 9:55 am to cahoots
quote:
A Mexican worker can open a Chase account in the US
That's an awfully good way to alert ICE to your presence in the states. Just saying.
Posted on 1/26/17 at 9:56 am to therick711
quote:
That's an awfully good way to alert ICE to your presence in the states. Just saying.
A lot of this remittance money is from legal workers, no?
There are a million ways around the tax. You know I'm right. No one is going to pay a 25% tax. It's just not gonna happen.
This post was edited on 1/26/17 at 9:58 am
Posted on 1/26/17 at 9:57 am to cahoots
new side hustle....bag man for mexicans bringing their money back to mexico
Posted on 1/26/17 at 9:58 am to cahoots
quote:
A lot of this remittance money is from legal workers, no?
Some of it undoubtedly is. Not all legal statuses are created equal, however. Also, many, many of the remittances are made by illegal laborers, or laborers whose presence in this country was once legal, but no longer is.
Posted on 1/26/17 at 9:58 am to cahoots
quote:
There are a million ways around the tax. You know I'm right. No one is going to pay a 25% tax. It's just not gonna happen.
You ever wonder how check cashing places make it? I rest my case.
Posted on 1/26/17 at 9:58 am to cahoots
quote:
A Mexican worker can open a Chase account in the US, mail the debit card to Mexico, and draw cash out of an ATM in Mexico.I just got cash out of an ATM in Mexico City last month.
it's very easy to make these things very illegal
fedgov didn't kill online poker by making it illegal. they killed it by making banks processing the money illegal
Posted on 1/26/17 at 9:59 am to joshnorris14
Certainly you understand the black market and how it works. We've had bootleggers, cocaine cowboys, gun runners, etc, etc. if people want to avoid the remittances, a new economy will take root to make it happen. It's inevitable.
Posted on 1/26/17 at 10:00 am to therick711
quote:
You ever wonder how check cashing places make it? I rest my case.
Well that's a poor case because most Mexican workers aren't getting cash advances because it's a bad deal.
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