The US is one of the most desirable Overseas Destinations for Immigrants. Be it the work opportunities or the ever-growing economy, the country is loved by one and all. However, as per recent reports, Immigrants are paying a gigantic amount of money in taxes every year.
President Donald
Trump has often complained about costs incurred every year for Immigrants.
According to him, Immigrants impose a significant amount of cost on the
country. But the reality is different, as reported by Quartz.
Founded by the
former Mayor Michael Bloomberg, an Immigration Research and Advocacy group has
published a report. The report reveals
the following facts about Immigrants paying enormous taxes -
- In 2017,
Immigrants earned a total of $1.5 trillion. They paid $405 billion in taxes. - DACA - eligible
Immigrants earned about $24 billion. They paid over $2 billion in federal
taxes. - DACA - eligible
Immigrants paid another $1.8 billion in state taxes - Immigrants
possessing temporary protected status paid nearly $900 million in federal
taxes. In local taxes, they had to pay over $600 million. - Undocumented
Immigrants were made to pay about $27 billion in state, federal, and local
taxes
The organization
also published a precise calculation of economic benefit of individual states
in the US. Texas earns over $12 billion
every year from the taxes Immigrants pay. New York acquires about $18
billion and California, $38 billion.
The reports
clearly indicate that Immigrants help enhance the economy of the US. Also, they
ease the labor shortage in many jobs. That, eventually, boosts the economy.
Furthermore, Immigrants comprise the younger generation. They are less likely
to commit crimes and be eligible for Medicare. Hence, they contribute more
money to the country than they take out for security or health purpose.
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