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To: ek_hornbeck

I don’t understand why taxing remittances wasn’t at the top of the President’s agenda from the get-go.


There are numerous money transfer phone apps now. Taxing remittances is not as easy as it looks. And of course Congress would never agree to such law.


72 posted on 03/07/2019 9:46:56 AM PST by lodi90
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To: lodi90
There are numerous money transfer phone apps now. Taxing remittances is not as easy as it looks. And of course Congress would never agree to such law.

First part is a technical question that I can't really comment on, other than to say that the IRS does a more than adequate job finding various loopholes people use to hide their incomes, so the same should be possible for remittances. Will we get 100% of them? Probably not, but the same applies to any kind of tax evasion or indeed any other crime.

As to the second point, Congress won't agree on a border wall either, so if necessary, a remittance tax should be pushed through via executive order too in order to pay for the wall.

78 posted on 03/07/2019 9:57:34 AM PST by ek_hornbeck
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To: lodi90

All those apps transfer money through banks.

I bet Trump does have executive authority to change regulations on cross border transfers. Such as...anyone who wants to do a cross border transfers needs to present proof they are in the country legally, and then be given a 5 year permit to make transfers. Make the permit 25 dollars. All transfers made without bank authorization get stopped. The ones that pass get withholding tax at 20%


81 posted on 03/07/2019 10:05:56 AM PST by SecAmndmt (Arm yourselves!)
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To: lodi90

The government can easily track apps
used in money transfers. Under a
declared national emergency, Trump
would not need approval from Congress
as he would be able to pursue an end
to the emergency at his discretion,
by what ever means necessary. This is
precisely why Congress is fighting to
stop the emergency declaration. He could
order ALL illegal immigrants be rounded
up and deported, and ALL those who aid
and albeit arrested.


103 posted on 03/07/2019 3:43:36 PM PST by Lean-Right (Eat More Moose)
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