https://www.financialexpress.com/business/investing-abroad-us-to-levy-5-tax-on-immigrant-remittances-what-does-it-mean-for-nris-3844718/

A new tax proposal by House of Republicans could significantly impact Non-Resident Indians (NRIs) living in the United States. The bill, introduced on May 12, 2025, includes a controversial provision imposing a 5% tax on international money transfers made by non-citizens. This development depicts a significant shift in U.S. tax policy, especially for foreign workers who regularly send money to their families abroad.

The broader bill aims to make the 2017 Tax Cuts and Jobs Act permanent while increasing the standard deduction and extending the child tax credit to $2,500 through 2028. US President Donald Trump, currently serving his second term, has publicly endorsed the legislation, calling it “GREAT” and urging Republicans to ensure its passage. The 5% remittance tax is intended to help fund extended tax breaks and support border security initiatives, potentially raising billions for the U.S. Treasury. However, it does so at the direct expense of hardworking immigrants.

For NRIs, this tax could have profound financial implications. Currently, India is the world’s top recipient of remittances, with around $83 billion sent annually from abroad, much of it from the United States. The new provision would mean that for every ₹1 lakh (in dollar terms) sent home, ₹5,000 (in dollar terms) would go to the IRS before reaching the intended recipients. This change affects everyday family support, property purchases, educational expenses, and more. Until now, remittances were not subject to U.S. taxation, making this a stark policy reversal.

>>1405999 (OP)
>imposing a 5% tax on international money transfers made by non-citizens
Oh, someone didn't get permission for this from their handlers
Don't worry, this will quietly die and Republicunts will be ordered not to talk about it anymore by their shill managers.

>>1405999 (OP)
Why do republicans always want to tax poor people?

Much better suggestion, triple that and apply it to remittances by citizens over $100k.

>>1406014
These people are immigrants from India that come here to scam our system and rob us blind. They are sending our money back to India. It should be taxed much higher than 5%

>>1406034
>These people are immigrants from India that come here to scam our system and rob us blind.
You better look out before Elon backtraces you and makes the cybertrucks crash into your house.

I believe this is a good idea that can be expanded to include any money sent to another nation from the US. Immigrants send lots of money "home", but the biggest amount is the very wealthy who stash their cash in offshore tax havens. That's 5% of about $10 trillion.

>>1406034
>Musk wants millions from India with H1B visas entering US
Trump agrees, don't bother him about it.

>>1406095
Congrats you just exposed why this is gonna get either shut down or have the worlds most glaringly corrupt loophole put in it.

>>1406097
Who would shut it down?

>>1406034
>These people are immigrants from India that come here to scam our system and rob us blind.
According to the people who break our systems and rob us blind.

>>1406156
Nailed it. Grifters blaming immigrants for things they themselves are doing is a classic.

>>1406151
All the politicians owned by the jews

>>1405999 (OP)
Everyday we hear about another Indian "student" in the USA that got caught scamming the elderly. For every 1 caught 20 go uncaught. These thieves then send their stolen money back to India where they'll eventually return to as wealthy people (since India has the lowest cost-of-living on earth.)

Yeah. We should be taxing any money sent to India by about 95%. Its mostly stolen anyways.

>>1406156
>Saar, other criminals do bad things so me doing bad things is good too.

No, thats idiotic logic. Not surprising you support India and are likely from India--the stupidest and scammiest population on earth.

>>1406014
Indians are the highest earning race in America, dumbass.