If the IRS IS gonna report those people to ICE?
That will be income the US gets that it won’t get…..
The more afraid immigrants are that the IRS will report them to immigration authorities, the less they may pay in taxes, experts warn.
Why it matters: Mere reports that the IRS might start sharing information, like this recent one from the Washington Post, are likely to significantly reduce tax collections, Carl Davis, research director of the Institute on Taxation and Economic Policy (ITEP) tells Axios.
- A formal acknowledgment of any information-sharing protocol would hit collections even more.
Follow the money: Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022, per ITEP.
- While much of that came in the form of sales and other taxes over which they have little control, about $57 billion is made up of “taxes that are likely to be prone to noncompliance,” Davis says….
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