A study by the Rand Corporation, conducted by Kevin McCarthy and Georges Vernez, came to the conclusion that immigrants do not have a negative effect on the earnings and the employment opportunities of native-born Americans.
An increasing number of banks contend that providing undocumented residents with mortgages helps revitalize local communities, as they buy and rebuild run-down properties. According to the executive vice president of Banco Popular, the bank has found no higher rate of default in home loans to illegal immigrants than any other market the company serves.
Taxation Professor of Law Francine Lipman writes in a 2006 paper in the peer-reviewed journal Tax Lawyer of the American Bar Association Section of Taxation that the belief that undocumented migrants are exploiting the US economy and cost more in services than they contribute to the economy is “undeniably false”.
Furthermore, Lipman asserts that “undocumented immigrants actually contribute more to public coffers in taxes than they cost in social services” and “contribute to the U.S. economy through their investments and consumption of goods and services; filling of millions of essential worker positions resulting in subsidiary job creation, increased productivity and lower costs of goods and services; and unrequited contributions to Social Security, Medicare and unemployment insurance programs.”
The Internal Revenue Service issues an Individual Taxpayer Identification Number (ITIN) regardless of immigration status because both resident and nonresident aliens may have Federal tax return and payment responsibilities under the Internal Revenue Code. Federal tax law prohibits the IRS from sharing data with other government agencies including the INS. In 2006 1.4 million people used ITIN when filing taxes, of which more than half were illegal aliens.
copy and pasted from wikipedia. forgot to put that sorry.
sorry shawnquiva mexicans arent the only ones.