Sandoval Signpost

 

An independent monthly newspaper serving the community since 1988
  Business
 

Undocumented immigrants in NM pay $86 million in taxes

—Sharon Kayne

A report released on July 10 by the Institute on Taxation and Economic Policy (ITEP) shows that comprehensive immigration reform would bring in new revenue for states. The analysis estimates that unauthorized immigrants are already paying $10.6 billion dollars a year in state and local taxes nationwide, including the $86 million dollars they pay in New Mexico. The study also estimates that New Mexico stands to gain six million dollars in increased revenue should undocumented immigrants currently in the U.S. be allowed to work here legally.

The ITEP analysis assumes a newly legalized immigrant population of 85,000 in New Mexico, 11.2 million nationally, would be fully participating in the federal, state, and local tax systems. The overall revenue gain for all states would be two billion dollars a year.

The report also finds that undocumented immigrants currently pay $1.2 billion dollars in personal income taxes, $1.2 billion dollars in property taxes, and eight billion dollars in sales and excise taxes. A breakdown of tax payments by category for each state, before and after immigration reform, is included in the report. The study, Undocumented Immigrants’ State and Local Tax Contributions, is available at: www.itep.org/immigration.

 
Top of Page
TOP OF PAGE

Ad Rates  Back Issues  Contact Us  Front Page  Up Front  Animal News   Around Town  Sandoval Arts   Business Classifieds  Calendar   Community Bits  Community Center  Eco-Beat  Featured Artist  Gauntlet Health  Community Links  Night Sky  My Wife and Times  Public Safety  Real  People  Stereogram  Time Off  Youth