if not, should we impose a tax to deter many people sending the money back home instead of into our economy?
2006-08-10 21:58:21 · 5 answers · asked by turntable 6 in Politics & Government ➔ Immigration
Sending money is not taxable because there is no income derived in the transaction. The service fee of the courier service is the one that is taxable.
2006-08-10 22:03:43 · answer #1 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
As far as I know, there's no tax, but there are usually bank transfer fees. And there are import tarriffs on some products you might buy from overseas.
We live in a free country in a global economy. People should be allowed to do whatever they want with their money.
If I want to send my money overseas to buy wine from Italy or drugs from Canada, why shouldn't I?
Besides, a lot of the money being sent overseas is salaries from U.S. companies who have outsourced their employee base!
2006-08-10 22:08:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No tax,but the amount is monitored by the company or bank sending it. They in turn inform the Internal Revenue Service and the FBI.
2006-08-10 22:05:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No.
and No.
We should have immigration laws designed to protect our schools and services, and we should enforce them.
2006-08-11 04:35:55 · answer #4 · answered by DAR 7 · 0⤊ 0⤋
Should we tax people for asking dumb questions?... Exactly! We can call it the dumb question tax... hahaha
2006-08-11 00:31:58 · answer #5 · answered by lac0978 2 · 0⤊ 0⤋