|Xenophobic protectionism or right-wing hypocracy? Opinions?||128|
Aug 27, 2003 5:28 AM
|From a 'conservative' Orange Co. paper.
Hypocrytical b/c they b1tch about foreigners coming here while (other) companies export the jobs to 'over there'.
I'm not convinced we should blame this on the tax structure, the wages should be earned here and fairly taxed here.
Curious what others think.
SOMETHING TO THINK ABOUT AND KNOW ABOUT
THE USE OF FOREIGN WORKERS HAS U.S. TAX IMPLICATIONS
Last week's Business Monday section had an article on how U.S. technology workers are getting laid off and being asked to train their replacements. (O.C. Register "Adding Humiliation to Injury," Aug. 11) The article talked about how the L-1 visa was being used by companies to bring in workers from overseas for up to seven years. It also lets companies pay workers their home-country wages. Indian workers receive one-sixth the salary of American programmers. It also should be pointed out that these foreign employees are paid in their home countries' currency. This causes a large decrease in state and federal income tax revenues. A foreign worker could be paid $2,000 U.S. per month nontaxable as living expenses, plus a $6,000 to $8,000 per year salary paid in rupees not subject to U.S. income tax. Yet the American whom he replaced paid income taxes on $60,000 per year.