You are hereNY Daily News: Study estimates that illegal immigrants paid $11.2B in taxes last year, unlike GE, which paid zero

NY Daily News: Study estimates that illegal immigrants paid $11.2B in taxes last year, unlike GE, which paid zero


April 20, 2011- I bet most of you didn't know undocumented immigrants contributed more - much more - to the national treasury last year than General Electric. Surprised? Yet it's true.

While GE - which earned a whopping $14 billion last year - is reported to have paid nothing, nada, zero in taxes (GE denies it), the undocumented paid billions in state and local taxes in 2010.

No, it's not me talking; it's the Institute for Taxation and Economic Policy (itepnet.org), a prestigious, nonprofit, nonpartisan research organization that works on federal, state and local tax policy issues.

Obviously the old saying, "Nothing is certain but death and taxes," is not to be believed anymore. Or rather, only half of it can be believed.

Because death, of course, remains as dreaded and inevitable as ever, but with taxes the story is different.

"The rich are different from you and me," the famous F. Scott Fitzgerald quote, is a much more accurate description of what's going on in the country.

FULL STORY HERE:

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