07/30/2024
🆕 A new study from Institute on Taxation and Economic Policy finds that undocumented immigrants contributed $96.7 billion in taxes in 2022. That’s greater than the entire budget of every state except New York and California.
It’s also more than the budgets of NASA, EPA, and the State Department.
Undocumented immigrants often face a harsher tax code than their documented neighbors. In 2022, for example, they paid billions in taxes to public services they are forbidden from using: Social Security ($25.7 billion), Medicare ($6.4 billion), and unemployment insurance ($1.8 billion).
Mass deportation would have many devastating human costs. But it would also have a steep fiscal cost, the study finds: $8.9 billion in tax revenue for every million undocumented immigrants deported.
Being undocumented creates a barrier to the economic and fiscal contributions of these immigrants. If all undocumented immigrants were granted work visas, the resulting higher wages and tax compliance would provide an additional $40.2 billion in tax revenue per year.
Read the report: https://itep.org/undocumented-immigrants-taxes-2024/
