tax returns to mortgages.
Budget with ET
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No, immigrants haven’t figured out how to circumvent the rules. The reality is that the system encourages people coming to America seeking a better life to participate in society to the fullest extent possible, which is in the country’s best economic interests even if they don’t have permission to be here. And that means paying taxes – lots of them. That Institute on Taxation and Economic Policy estimated in July that this group paid almost $100 billion in federal, state and local taxes alone in 2022.
President Donald Trump’s slash-and-burn immigration policy involves deporting most, if not all, of the 11.7 million undocumented immigrants the Center for Migration Studies estimates are living in the US. What the administration probably doesn’t realize is that this policy will, in fact, become a sort of self-fulfilling prophesy by pushing this group off the grid, turning the undocumented in name into the undocumented in reality.
The clearest illustration of how inaccurate the “undocumented” epithet comes from the tax system. The most obvious is that as consumers they pay sales taxes on the goods and services they buy. According to the Institute on Taxation and Economic Policy, this amount is estimated to be $15.1 billion. That’s less