Nov 272010

Mexicans migrate to the USA looking for work and higher salaries, but those workers pay 53 billion dollars a year in taxes, according to Ignacio Deschamps, head of the Fundación BBVA Bancomer. (The BBVA Bancomer Foundation has helped 20,000 young people in 143 municipalities complete their high school education.)

Deschamps claims that for every dollar sent home in remittances, Mexican workers will have already paid 2.50 dollars in US taxes. Hence, in 2008, they would have contributed 53 billion dollars to the US Treasury.

Recent figures show that during the economic downturn, unemployment among Mexican migrants is much higher (13%) than for the workforce as a whole (10%).

Previous posts related to Mexican migrants in the USA:

Migration between Mexico and the USA is the focus of chapter 25 of Geo-Mexico: the geography and dynamics of modern Mexico. Ask your library to buy a copy of this handy reference guide to all aspects of Mexico’s geography today! Better yet, order your own copy…

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