I thought this thread was about Arizona, which has an income tax....
Amazing how Texas-centric is forum is, even Texas' biggest advocate, Tushy thinks its all about Texas
Originally Posted by atlcomedy
I assume that in States with State income tax that they have similar exemptions as the Federal government and that those who make very little don't pay any tax. In which case, undocumented workers would surely in the main fall into the 47% or so who don't pay income taxes.
And does Arizona have sales taxes? Gasoline taxes? Beer and wine taxes? Property taxes? If so, then undocumented workers pay those taxes.
And my argument 69er isn't that some tax, somewhere, by some undocumented worker isn't evaded. That being said, the sorts of taxes that undocumented workers and the American poor pay, are much harder to evade than are the taxes the more well off pay. It's hard to evade a the "sin tax" and the sales tax on a six pack of beer. Less so income tax on a closely held business.
And finally, Rudyard K, what sort of regulations on capital are you talking about? I invest directly and indirectly in companies in India, Brazil, China and various European countries. I've never had any suggestion that I can't do so or that there are even any regulations in doing so. Right now, my stock portfolio is about 70% invested in overseas companies and my bond portfolio is about 35% invested in overseas bonds.