🚨US Proposes 5% Tax On Remittances Sent By Immigrants 👀 What does this mean❓ If a Non-Resident Indian earns $12,000 in the U.S. and pays $2,500 in US federal taxes. If they decide to send the remaining $9,500 to India, an additional 5% may be applied

🚨US Proposes 5% Tax On Remittances Sent By Immigrants 👀
What does this mean❓
If a Non-Resident Indian earns $12,000 in the U.S. and pays $2,500 in US federal taxes.
If they decide to send the remaining $9,500 to India, an additional 5% may be applied by the IRS, leaving only $9,025 to be transferred to India.
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