5% on ever wire transfer originating in America going to Mexico, in three months the wall is fully funded.
5%? Make it 50%.
Can someone help me out here?
I didn’t pay much attention, because I have no men to send out of the country, but wasn’t there some news items about new laws regarding US citizens being penalized for sending money out of the country, and/or being taxed on it?
How would that apply to money being sent “home” to Mexico, by either individuals or corporations?
Brilliant! The reason many are in the U.S. is to bank their higher wages they make here in Mexican banks. It is not about sending money back home to mamma. After a couple of decades of this they move back and live like kings.
The wall is estimated to cost $4m a mile (compared to Israel's $1.6m), for a total tab of $8b for a 2000 mile structure. Annual remittances to Mexico are $24b. A 5% tax will raise $1.2b a year at best. Probably a good idea to put up a remittance tax that expires when that $8b figure is reached.
Slap a $5 charge on every Mexican entering the country legally.