When you include the vast amount of money paid in sales and payroll taxes provided by undocumented immigrants, it’s clear that most of the people who arrive in the United States are more than paying their own way.
LOS ANGELES (PRWEB) May 30, 2019
An April 15 article on CNN discusses a report from the bipartisan National Immigration Law Center which breaks down the motivations behind the under-publicized fact that immigrants pay billions of dollars annually in federal taxes. Contrary to the impression of perhaps most Americans, an untold number of undocumented individuals pay federal taxes without the use of a Social Security number by instead using an ITIN (Individual Taxpayer Identification Number); a number used also by green card holders and other documented immigrants that allows them to pay taxes legally. In 2015, the report notes that tax returns from the undocumented accounted for $13.6 billion. Los Angeles-based immigration attorney Henry A. Posada says that, when you include the vast amount of money paid in sales and payroll taxes provided by undocumented immigrants, it’s clear that most of the people who arrive in the United States are more than paying their own way and helping to grow the overall economy.
Mr. Posada notes that, aside from their sheer financial impact, the benefit of the enterprise and labor of immigrants with and without documentation to the California and United States’ economy is immeasurable. Whatever their specific reasons for coming here, newcomers to America have had to make a huge effort, often involving serious sacrifices and hardships. The fact that so many of these same immigrants have started major businesses that have transformed the country and the world should be a wake-up call to the vitality that immigrants inject into the U.S, says the Los Angeles attorney. In fact, a study by the nonpartisan Center for American Entrepreneurship reported on by the Brooking Institute in December 2017 found that a stunning 43 percent of the 2017 Fortune 500 companies were founded or co-founded by immigrants or their children, Mr. Posada notes.
It’s undeniable that the present is an especially challenging time for immigrants in the United States, admits Mr. Posada. Yet, he adds, the very fact that people from around the world continue to come here despite the highly publicized difficulties facing some immigrants is a testament of the faith and tenacity of newcomers. He says that, as an immigration lawyer who performs a broad range of services from handling deportation and removal proceedings and business immigration matters, he is very aware that it takes a special kind of individual to risk everything to move to another nation in search of a better and more rewarding life.
Interested readers who may be immigrants in need of legal counsel or who may have a loved one in need of help are invited to reach out to the Law Offices of Henry A. Posada at (562) 904-9080. They can also visit the law office’s website at https://www.hposadalaw.com/