Thursday, July 3, 2025

LA Times: Taxing Income Is Horrible

At least if you are taxing an illegal for remitting that money back to Mexico (or wherever else it is going). The author, Yvonne Su, writes:

The U.S. is the world’s largest source of remittances, and Mexico has the highest dependency on them; 97% of the money Mexican expats send back home comes from the States ($64.75 billion in 2024). A 1% tax on remittances to Mexico alone could take much-needed funds away from migrants and their families and divert it to the state.

1%? That's chump change. The average U.S. federal income tax rate in 2022 was 14.5 percent, and the top 50 percent of all taxpayers paid 97 percent of all federal individual income taxes. (And this doesn't include the payroll/self-employment taxes). I wonder if that takes much-needed funds away from Americans and their families and diverts it to the state? 

    Su presents some really inane arguments why this 1% tax will mean the sky is falling, but I think the best reason to not take Su's argument seriously is the brief bio at the end of the article: "Yvonne Su is the director of the Centre for Refugee Studies and an assistant professor of equity studies at York University in Toronto." And we all know what "equity" means in leftist speak. So any argument she offers will only be because it is anti-white and anti-American.  

1 comment:

Lucky Shot

I finally got a chance to try out the Shield Arms red dot sight that I mounted on my Glock 43x MOS. I think I'll keep it.