According to forecasts, the internal revenue service will lose more than $ 313 billion in the next decade, as unregistered workers are ready to pay less tax after the agency has concluded a transaction with the US immigration bodies.
ExpectedreportOn Tuesday in the Yale budget laboratory. The group estimates unauthorized workers who paid about $ 66 billion in federal taxes in 2023, with about two -thirds coming from wages.
The Treasury Department, which this week oversees the IRS – Earlier has reached a transaction with the Internal Security Department to share taxpayers’ information in response to law enforcement agencies. While federal officials say the agreement includes guarantees and applies only to criminal issues, it changes many years of IRS privacy policy.
The report emphasizes the role of unregistered workers who fulfill the fee in the Social Security and Medicare programs that they cannot retire from their immigration status.
“The IRS has historically clarified the unregistered immigrant population that their tax information is confidential and will not be used in this way,” the statement reads. Taxation can get among this group, “if they are concerned that taxes can expose their personal contact information to law enforcement agencies and use to facilitate their deportation.”
President Donald Trump enlisted IRS and other state bodies in his efforts to hack unregistered immigration. He has promised to hold the largest mass deportation campaign in the US history, and still increases the raids and encourages the undocumented immigrants to “dedication”.
The report notes that there is “significant uncertainty” around the estimates as they will greatly depend on the behavior of unregistered immigrants and their employers. A 10-year profit loss may be up to $ 147 billion and up to $ 479, the budget laboratory reports.
Originally this story was presented on Fortune.com
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2025-04-09 21:03:00
Augusta Saraiva, Bloomberg
