On Thursday evening, President Obama unveiled his plan to offer legal status to approximately 5 million undocumented aliens. “If you’re willing to pay your fair share of taxes,” said Obama, “you’ll be able to apply to stay in this country.” But the President neglected to mention that the income of the typical illegal immigrant is so low that he would pay no net income taxes, and become eligible for welfare benefits like Obamacare. According to a 2006 report from the left-leaning Century Foundation, “it is likely that the undocumented workers will end up receiving rather than paying the Treasury money.”
 |
| CLICK CHART to ENLARGE |
Legalized undocumented immigrants could become eligible for significant transfer payments
Income statistics for illegals are, as you might imagine, not so easy to discern. But the Century Foundation analysis, published in Mother Jones, estimates that in 2005, “we can be virtually certain that illegal immigrants earned less than $24,000 per year, on average, probably much less.” That’s about $29,177 in 2014 dollars. According to the Congressional Budget Office, a person making that kind of money would pay negligible federal taxes, and receive around $10,000 in government benefits.
That $10,000 doesn’t include Obamacare, and probably understates the actual amount of government transfers that these individuals would receive. Obama’s executive order is primarily aimed at undocumented parents of U.S. citizens, which may mean that they are older than average. If so, they will gain access not only to Obamacare, but also to Social Security and especially Medicare.
These individuals pay almost nothing in federal taxes. “Households in the lowest income quintile,” writes the CBO, “paid less than 1 percent of all federal taxes,” but are eligible for substantial tax credits under the Earned Income Tax Credit program.Read the rest of the story HERE.
If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.
No comments:
Post a Comment