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Fewer Jobs, More Taxes? Bloomberg reported on the reasons employers are unwilling to hire low skilled immigrant workers. According to a study by Rutgers University and the Federal Reserve Bank, there will be a net reduction of 2.3 million jobs in the coming years as a result of the jobs created by illegal immigrants. During the recovery, the U.S. will create 2 million jobs—but only 1 million of them will be filled by native-born Americans because employers can hire cheaper foreign labor. This states two things: 1) there is room for immigration reform that would make sure the immigration system is fair and that only those who are skilled and educated should be allowed to stay. And 2) we have a massive jobs crisis and need to make sure immigration is fair and jobs are filled by Americans. It's time to pass immigration reform. Washington Post
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A. Current Year tax on income reported in previous year.
B. Income tax is paid on all income, whether on foreign or domestic sources.
C. A single worldwide tax rate applies to all income, whether foreign or domestic.
D. No double taxation of income.
E. Tax is not paid on all income, but only on reported income.
F. Government collects tax from corporation annually on income it is able to pay and from individual annually on income they are able to pay.
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