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2025-04-12 Economy
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‘Migrants' Cost 3X Times As Much As They Pay in Taxes Whatever financial benefits we get from open borders is more than offset by our losses.
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[FrontPage] Whatever financial benefits we get from open borders is more than offset by our losses.
Every other day the media rolls out another entry about the economic benefits of open borders and mass migration. And every time they do that it just shows how incidental the benefits are to the losses.
IRS to Lose Billions in Revenue If Migrants Stop Filing Taxes – Bloomberg
The Internal Revenue Service is projected to lose more than $313 billion in revenue in the coming decade as undocumented workers are poised to pay fewer taxes after the agency struck a deal to share data with US immigration authorities.
The IRS is expected to lose $12 billion in revenue for the remainder of the fiscal year ending Sept. 30, according to a report out Tuesday by the Yale Budget Lab. The group estimates unauthorized workers paid about $66 billion in federal taxes in fiscal year 2023, with about two-thirds of that coming from payroll levies.
Let’s assume those figures are even correct. The estimated cost of illegal aliens for 2023 was over $150 billion. Some estimates place the figures even higher and others lower. The FAIR numbers estimated the tax payments at $31 billion in which case it would be a matter of 5X. But let’s compromise at 3X.
What this hammers home yet again is that whatever financial benefits we get from open borders is more than offset by our losses.
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Posted by NoMoreBS 2025-04-12 00:00||
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File under: Migrants/Illegal Immigrants
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Posted by Skidmark 2025-04-12 06:50||
2025-04-12 06:50||
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Posted by swksvolFF 2025-04-12 11:32||
2025-04-12 11:32||
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