Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 5795203" data-attributes="member: 12952">Not money transfers, remittances.<a href="https://cis.org/North/Oklahoma-Again-Reports-Increase-Taxes-Wired-Remittances" target="_blank">Oklahoma Again Reports an Increase in Taxes on Wired Remittances</a> (2015)Oklahoma, as we <a href="https://cis.org/north/oklahoma-shows-way-collect-taxes-illegals-again" target="_blank">report every year</a> at about this time, collects 1 percent from all out-going, out-of-state, person-to-person wire transfers of money; many of these transfers are remittances from illegal aliens in Oklahoma to their relatives in their homelands. It is the only state to do so.The money is not, strictly speaking, a tax; it is a deduction, much like what most Americans find in their regular pay stubs. If you pay your state income taxes, you can use these 1 percent deductions as a tax credit. In that case the whole procedure is a wash.But Oklahoma tax officials told us a year or so ago that 96 percent of the wire transfer fees are not used as income tax credits — so the great bulk of the funds are additional revenues to the state, all taken from people who do not pay their state income taxes.This should be a dream for politicians — 96 percent of this funding source is being collected from people who are tax cheats and who cannot vote.</blockquote>

[QUOTE="Babagounj, post: 5795203, member: 12952"] Not money transfers, remittances. [URL="https://cis.org/North/Oklahoma-Again-Reports-Increase-Taxes-Wired-Remittances"]Oklahoma Again Reports an Increase in Taxes on Wired Remittances[/URL] (2015) Oklahoma, as we [URL='https://cis.org/north/oklahoma-shows-way-collect-taxes-illegals-again']report every year[/URL] at about this time, collects 1 percent from all out-going, out-of-state, person-to-person wire transfers of money; many of these transfers are remittances from illegal aliens in Oklahoma to their relatives in their homelands. It is the only state to do so. The money is not, strictly speaking, a tax; it is a deduction, much like what most Americans find in their regular pay stubs. If you pay your state income taxes, you can use these 1 percent deductions as a tax credit. In that case the whole procedure is a wash. But Oklahoma tax officials told us a year or so ago that 96 percent of the wire transfer fees are [I]not[/I] used as income tax credits — so the great bulk of the funds are additional revenues to the state, all taken from people who do [I]not[/I] pay their state income taxes. This should be a dream for politicians — 96 percent of this funding source is being collected from people who are tax cheats [I]and[/I] who cannot vote. [/QUOTE]

Verification