Ottermarie
So remittances are now being taxed by the federal government and I cannot send money to my ill father in Costa Rica without simultaneously diverting money to the Trump administration's programs kidnapping innocents in the US and dictators abroad. #remittances #taxes #StopFascism
Jan 7 at 4:12amWeb
Show threadDon RayJan 7

@Ottermarie

Everything they do is hateful.

But if I understand it correctly, the tax does not apply to remittances through the banking system. Maybe that’s an option.

Show threadOttermarieJan 7
@donray the fees through wires are significantly higher than remittances for smaller amounts. The fees are charged by outgoing and receiving bank. We use wires for my nonprofit.
Show threadOttermarieJan 7
@donray actually, maybe you are referring to a different system...I dont know about bank remittances...Will look into it.
Show threadDon RayJan 7

@Ottermarie

I'm not 100% sure...

but I think the tRumpers were going after Western Union (and various other services) where the wage-earners here pay with cash to have money sent back home. Also, money orders. People without proper papers are more likely functioning outside the banking system.

I send some money regularly to Guatemala using a debit card. The money goes to a bank, where the person can pick it up. I guess I'll find out for sure about the tax the next time I do that.

Show threadDon RayJan 7

@Ottermarie

This is the info page from the service I've been using. (Info seems the same as what I've read in other sources.)
https://www.worldremit.com/en/blog/finance/new-us-remittance-tax

What’s the new US remittance tax

Learn about the new US remittance tax and why your WorldRemit transfers stay 100% tax-free.

WorldRemit
Show threadOttermarieJan 7
@donray interesting and super helpful. So sickening how this admin is persecuting hardworking immigrants.
Show threadDon RayJan 7

@Ottermarie

Glad to help. Good luck with your remittances.

Show threadOttermarieJan 7
@donray thank you!