Thursday, April 21, 2011

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

These figures put it into perspective. - - Donna Poisl

by ALBOR RUIZ - NY LOCAL

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.
Click on the headline above to read the rest of this story! This is only a small part of it.

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