How soon will Donald Trump...

Loving91390 said:
Mexicans sent home $26.1 billion from January to November 2017, according to figures released Tuesday by the central bank of Mexico. That's the most ever recorded and better than the $24.1 billion sent in 2016 over the same period.

Hell , just put a tax on this .... Mexico pays for the wall .
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You poor bastards.

Defending Donald Trump is like defending the polio virus.

But...it is entertaining watching you fools do it.
 
Robo said:
"Pathetic people?" Pathetic because?????

Actually Trump did say that Mexico would pay for the wall, and according to Trump supporters Mexico is already paying for the wall simply because Trump's new trade deal with Mexico as compared to the old NAFTA deal, saves enough money in our balance of payments with Mexico that it would build the wall many times over in almost any extended period of time. So now it's up to y'all Trump haters to do the math and prove that not to be the case, OK?
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The claim is that the new NAFTA will pay for the wall many times over....since that is the claim it is the job of those making the claim to show that it is true...it is not anyone job to prove it is wrong.

Show us the numbers.
 
Robo said:
Then we'll wait for you to post the actual numbers from a reliable source proving your accusation, OK? When can we expect that to happen?
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Trump will say something stupid and you will latch onto it like it is gospel. That is a fact we all deal with.
 
Legion said:
  • New name. Goodbye NAFTA. The new deal will be known as the United States-Mexico-Canada Agreement, or USMCA.
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  • This is listed first as it is far and away the biggest change made.

    [*]The goal of the new deal is to have more cars and truck parts made in North America. Starting in 2020, to qualify for zero tariffs, a car or truck must have 75 percent of its components manufactured in Canada, Mexico or the United States, a substantial boost from the current 62.5 percent requirement.
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    There are currently two cars being sold in the US that do not meet the 75% rule

    [*]There’s also a new rule that a significant percentage of the work done on the car must be completed by workers earning at least $16 an hour, or about three times what the typical Mexican autoworker makes. Starting in 2020, cars and trucks should have at least 30 percent of the work on the vehicle done by workers earning $16 an hour. That gradually moves up to 40 percent for cars by 2023.
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    30% do not have to be making 16 dollars an hour, 30% have to average 16 dollars an hour...that is a substantial difference



    [*]Canada is giving greater market share to U.S. dairy farmers. U.S. negotiators got a major victory by forcing Canada to eliminate the pricing scheme for what are known as Class 7 dairy products. That means U.S. dairy farmers can probably send a lot more milk protein concentrate, skim milk powder and infant formula to Canada (and those products are relatively easy to transport and store).
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    5% of the Canadian dairy market was opened up, around about a half a billion in total sales if the max is sold there. The US dairy industry receives 22 BILLION in direct and indirect subsides from the US Govt.
 
Gunny2009 said:
This is listed first as it is far and away the biggest change made. There are currently two cars being sold in the US that do not meet the 75% rule
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So you say. USMCA isn't in effect yet, and the DEMOCRAT-infested Congress may not ratify it.
 
Loving91390 said:
Mexicans sent home $26.1 billion from January to November 2017, according to figures released Tuesday by the central bank of Mexico. That's the most ever recorded and better than the $24.1 billion sent in 2016 over the same period.

Hell , just put a tax on this .... Mexico pays for the wall .
Click to expand...

Good idea. But DEMOCRATS won't pass such a tax, will they?
 
Loving91390 said:
Mexicans sent home $26.1 billion from January to November 2017, according to figures released Tuesday by the central bank of Mexico. That's the most ever recorded and better than the $24.1 billion sent in 2016 over the same period.

Hell , just put a tax on this .... Mexico pays for the wall .
Click to expand...

No country in the world takes money away from foreign nationals who send money to families in their country of origin. That is too, too cheesy.. and very Trump.

We can have a sick person as leader of the free world.
 
krudzu said:
No country in the world takes money away from foreign nationals who send money to families in their country of origin. That is too, too cheesy.. and very Trump. We can have a sick person as leader of the free world.
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Most types of U.S. source income paid to a foreign person are subject to a withholding tax of 30%, although a reduced rate or exemption may apply if stipulated in the applicable tax treaty.

https://transferwise.com/us/blog/foreign-remittance-meaning-taxes
 
So since Obama created NAFTA, I guess he is paying for the wall. Trump should thank him profusely. Face it folks, rightys will never admit the facts. They are begging for wall funding, asking for 5 billion now. No need. Just take it out iof the imaginary fund that Trumps great dealing created.
 
kudzu said:
No country in the world takes money away from foreign nationals who send money to families in their country of origin. That is too, too cheesy.. and very Trump.

We can have a sick person as leader of the free world.
Click to expand...
International Wire Transfer and IRS Audit

Making wire transfers is a convenient and fast method of moving funds electronically from one bank account to another. The process generally ensures a recipient’s access to funds within just a couple of days of transfer.

That being said, if you are a taxpayer with foreign income, remember that an international wire transfer could prompt an IRS audit, potentially leading to serious financial and legal consequences. Before using a wire transfer for sending funds to a US bank from your foreign account, make sure you completely understand the potential tax implications under the Foreign Account Tax Compliance Act (FATCA). An international wire transfer may expose you to various civil penalties and even criminal tax reporting liability.

Bank Compliance Requirements
Banking institutions have to comply not only with the FATCA and several IGAs, but also the Patriot Act, the Bank Secrecy Act, anti-money laundering and “Know Your Customer” (KYC) requirements. Bound by these regulations, banks have to report any “suspicious activity,” which includes large bank transfers from foreign sources. In addition, be aware of numerous restrictions prohibiting transfer of cash from countries such as Iran to the US under*OFAC. Also, folks at IRS are aware of attempts to*send home a foreign account via cryptocurrency*brokerages

The FATCA-related disclosures and suspicious activity reports may*provide the IRS sufficient cause to launch an audit*or, at times, even a full-blown criminal investigation of the person or entity linked to the foreign account. In other words, transferring money from abroad to the US can tip off the agency about the existence of a foreign account.

Civil and Criminal Implications
And if you have not already reported that account to the IRS, you may face a slew of civil or/and criminal repercussions because of noncompliance with FATCA. This includes, but is not limited to restitution orders, fines, supervised release, and even, incarceration in a federal prison. However, there are several ways for a taxpayer to handle (or better, avoid) these complications. The safest and best route is, obviously, to comply fully with FATCA and all other related laws right from the start, beginning when an account is created.

Filing Requirements
Keep in mind that depending on your specific financial circumstances, it may involve filing a few tax forms, such as:

FinCEN Form 114, also known as the*FBAR
Form 926
Form 5471
Form 8858
Form 8938
There could be grave*consequences if you fail to report foreign accounts*to the agency. And even inadvertent omissions and errors could trigger hefty penalties. On the other hand, willful*tax evasion*usually makes criminal prosecution inevitable.
 
Frank Apisa said:
...assert that he NEVER promised that Mexico would pay for the wall?"

And...will the pathetic people who defend him in everything he says, defend the idea that he never did say that?

Considering what is going on right now...that has to be the next move.
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He's not Barack "You Can Keep Your Doctor" Obama. And he already made them pay for it when he renegotiated NAFTA. :laugh:
 
Arminius said:
He's not Barack "You Can Keep Your Doctor" Obama. And he already made them pay for it when he renegotiated NAFTA. :laugh:
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The assholes who continue support for this disgusting abomination...will buy into any rationalization no matter how absurd.

Live in your fantasy world.

I do agree with you that Donald Trump is no President Obama. He is not even a Buchanan, Pierce or Harding. He is the worst president we've ever had...and President Obama will be rated among the top 25%.
 
Loving91390 said:
International Wire Transfer and IRS Audit

Making wire transfers is a convenient and fast method of moving funds electronically from one bank account to another. The process generally ensures a recipient’s access to funds within just a couple of days of transfer.

That being said, if you are a taxpayer with foreign income, remember that an international wire transfer could prompt an IRS audit, potentially leading to serious financial and legal consequences. Before using a wire transfer for sending funds to a US bank from your foreign account, make sure you completely understand the potential tax implications under the Foreign Account Tax Compliance Act (FATCA). An international wire transfer may expose you to various civil penalties and even criminal tax reporting liability.

Bank Compliance Requirements
Banking institutions have to comply not only with the FATCA and several IGAs, but also the Patriot Act, the Bank Secrecy Act, anti-money laundering and “Know Your Customer” (KYC) requirements. Bound by these regulations, banks have to report any “suspicious activity,” which includes large bank transfers from foreign sources. In addition, be aware of numerous restrictions prohibiting transfer of cash from countries such as Iran to the US under*OFAC. Also, folks at IRS are aware of attempts to*send home a foreign account via cryptocurrency*brokerages

The FATCA-related disclosures and suspicious activity reports may*provide the IRS sufficient cause to launch an audit*or, at times, even a full-blown criminal investigation of the person or entity linked to the foreign account. In other words, transferring money from abroad to the US can tip off the agency about the existence of a foreign account.

Civil and Criminal Implications
And if you have not already reported that account to the IRS, you may face a slew of civil or/and criminal repercussions because of noncompliance with FATCA. This includes, but is not limited to restitution orders, fines, supervised release, and even, incarceration in a federal prison. However, there are several ways for a taxpayer to handle (or better, avoid) these complications. The safest and best route is, obviously, to comply fully with FATCA and all other related laws right from the start, beginning when an account is created.

Filing Requirements
Keep in mind that depending on your specific financial circumstances, it may involve filing a few tax forms, such as:

FinCEN Form 114, also known as the*FBAR
Form 926
Form 5471
Form 8858
Form 8938
There could be grave*consequences if you fail to report foreign accounts*to the agency. And even inadvertent omissions and errors could trigger hefty penalties. On the other hand, willful*tax evasion*usually makes criminal prosecution inevitable.
Click to expand...

You pinhead, these wire transfers are mostly under $250.00.
 
kudzu said:
No country in the world takes money away from foreign nationals who send money to families in their country of origin. That is too, too cheesy.. and very Trump.

We can have a sick person as leader of the free world.
Click to expand...


So you lied yet again .......
 
Whenever I hear our most extreme brexiteers ranting madly I hurry here to find a trumper or two, which soon restores my sense of our superiority: our contemptible idiots , if as high a proportion, are rational compared with yours! :)
 
kudzu said:
You pinhead, no country takes wages sent home to extended family.. How could you possibly be so ignorant?
Click to expand...

Wire transfers aren't necessarily taxable events. You'll have to pay any bank fees related to the wire transfer, but the money may or may not create a tax liability. If you are receiving money as a gift, you won't have to pay any taxes, but you may have to report the gift to the IRS. When sending a gift, you may have to file a gift return and pay gift taxes on the money. You will also have to pay tax on money you receive as income or capital gains.
 
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