DesiPundit

Patrix examines.

The Texas Legislature is currently debating SB 268 submitted by Sen. Dan Patrick that seeks to tax all overseas wire transfers  of $5000 or less by non-U.S. citizens at the rate of 10 percent. Admittedly, Texas receives the brunt of illegal immigration from across the border but this proposed legislation makes no difference between legal and illegal immigrants and is additionally discriminatory more toward the working poor. So, technically if I, a legal resident [in the eyes of the IRS] of Texas were to send say, $2000 to India I would be hit by a transaction tax of $200 whereas my next door neighbor sends $6000 to London, he would pay the normal wire transfer rates?