Study estimates that illegal immigrants paid $11.2B in taxes last year, unlike GE, which paid zero

[primavera]

Source: New York Daily News

I bet most of you didn't know undocumented immigrants contributed more - much more - to the national treasury last year than General Electric. Surprised? Yet it's true.

While GE - which earned a whopping $14 billion last year - is reported to have paid nothing, nada, zero in taxes (GE denies it), the undocumented paid billions in state and local taxes in 2010.

No, it's not me talking; it's the Institute for Taxation and Economic Policy (itepnet.org), a prestigious, nonprofit, nonpartisan research organization that works on federal, state and local tax policy issues.

Obviously the old saying, "Nothing is certain but death and taxes," is not to be believed anymore. Or rather, only half of it can be believed.

Read more: http://www.nydailynews.com/ny_local/2011/04/20/2011-04-20_undocumented_unlike_rich_pay_plenty_in_taxes.html

[meow mix]

1. k&r

[democratXX]

2. Thanks for posting

Good topic for a LTE.

[primavera]

5. And this doesn't even include the SSA's earning suspense file...

... which contains half a trillion (that's "trillion," with a "T") dollars in contributions from undocumented immigrants.

[xchrom]

3. Recommend

[pinboy3niner]

4. K&R

:kick:

[ChoppinBroccoli]

6. Remember The Old, "Draining Our Economy Of Resources And Giving Nothing Back" Meme?

Yeah. Might want to rethink that one.