My African Brehs Do Y’all Send Money Back Home?
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- africa money and miles
Do you have data on this?
World Bank data suggests flows to Africa are still growing…
In 2024, remittance flows to low- and middle-income countries are expected to reach $685 billion, larger than FDI and ODA combined
Officially recorded remittances to low- and middle-income countries (LMICs) are expected to reach $685 billion in 2024. The true size of remittances, including flows through informal channels, is also believed to be even larger. The growth rate of remittances in 2024 is estimated to be 5.8...
blogs.worldbank.org
05/15/25
Republicans want to tax remittances sent by migrants, visa holders to their home countries
House Republicans want to tax remittances, which would cover over 40 million people in the U.S., including green card and visa holders who send money to families.www.nbcnews.com
Absolutely foolish policy. No two ways about it.
You see things like this and it really emphasizes the point some people are making about the US being an empire in decline.
This is just rent seeking behavior. It will not discourage illegal immigration. People that are immigrating here illegally aren’t doing it to send money home. They come here for a better life for themselves THEN send money
Givethanks
Superstar
My Grandma still does, my mom stopped when she realised people were fleecing her. I only send money to my sister (4 and 9) on holidays.
I have a cousin who fleeced me about, I wanna come to Canada can you sponsor me. I didn't send any money but a letter saying I'm inviting him here. He ended up going to the England for vacation instead.
Watch my ass get arrest next time I touch the UK or JA
I have a cousin who fleeced me about, I wanna come to Canada can you sponsor me. I didn't send any money but a letter saying I'm inviting him here. He ended up going to the England for vacation instead.
Watch my ass get arrest next time I touch the UK or JA
bourgeoisie tall freak
Superstar
send money to my auntie who is shopping for beachfront properties while i live in the hood 
get these nets
Veteran
Agree
Trumph has been feeding raw meat to his supporters over this overall topic, and this is more of the same.
"Immigrants are taking American money, and sending it overseas".
The MAGA voters were never concerned about truth and facts, so they wont start now. They eat this shyt up.
I mean, we've seen how a vocal minority of allegedly Black members and mods buy into this silly shyt here. We can imagine how it resonates with angry whites in the real world.
Not only will it not discourage illegal immigration, it will not discourage people from sending remittances abroad. Just some Fox News headline shyt .
Sometimes but I usually don't send money but might send a crate with items (TV's, washing machines, childrens clothes, medicines) practical things. Money will usually be sent back for things like funerals, health problems etc.
I don't send this they talk about needing to build a house
I don't send this they talk about needing to build a house
RadaMillz
Veteran
mom has been doing this for 30+ years, her brother ended up marrying multiple wives and having one kid after another. He passed away and now those kids who have families of their own expect to be taking care of it too. Endless cycle. They never called to say thank you, just non stop phone calls at night when a payment is late.
get these nets
Veteran
Pay more to send money back home: Senate bill imposes tax on remittances - CNW Network
The 1% remittances tax was scaled back from a 3.5% proposal in the House, but U.S. citizens will no longer be exempt.
www.caribbeannationalweekly.com
07/03/25
.The One Big Beautiful Bill Act (OBBBA), approved by the U.S. Senate earlier this week in a narrow 51–50 vote with Vice President JD Vance casting the tie-breaker, introduces a 1% tax on international money transfers sent from the U.S. to recipients abroad.
The bill passed the Senate and is now in the House, where Republicans are trying to rally support before President Trump’s July 4 deadline. Caribbean-American leaders and immigrant advocates warn the remittance tax could significantly reduce the flow of funds sent through official channels, deepening economic challenges for families who depend on this critical financial lifeline.
The 1% remittance tax was scaled back from a 3.5% proposal in the House, but U.S. citizens will no longer be exempt (a provision that was in the previous proposal). This means that anyone in the U.S. who sends money abroad would have to pay the tax.
Pay more to send money back home: Senate bill imposes tax on remittances - CNW Network
The 1% remittances tax was scaled back from a 3.5% proposal in the House, but U.S. citizens will no longer be exempt.
07/03/25
.The One Big Beautiful Bill Act (OBBBA), approved by the U.S. Senate earlier this week in a narrow 51–50 vote with Vice President JD Vance casting the tie-breaker, introduces a 1% tax on international money transfers sent from the U.S. to recipients abroad.
The bill passed the Senate and is now in the House, where Republicans are trying to rally support before President Trump’s July 4 deadline. Caribbean-American leaders and immigrant advocates warn the remittance tax could significantly reduce the flow of funds sent through official channels, deepening economic challenges for families who depend on this critical financial lifeline.
The 1% remittance tax was scaled back from a 3.5% proposal in the House, but U.S. citizens will no longer be exempt (a provision that was in the previous proposal). This means that anyone in the U.S. who sends money abroad would have to pay the tax.
crypto currency is gonna get a big boost from this.
wonder of countries tax money transfers to the united states.
get these nets
Veteran
07/08/25
Weak dollar: Impact of Trump's 1% remittance tax on Kenyan shilling, economy
President Donald Trump signed the Big Beautiful Bill into law in July 2025, introducing a 1% tax on diaspora remittances send by individuals in the US.
www.tuko.co.ke
get these nets
Veteran
Congresswoman Cherfilus-McCormick Introduces African Diaspora Investment and Development Act (AIDA)
WASHINGTON, D.C. – Today, Rep. Sheila Cherfilus-McCormick (D-FL) and Rep. Jonathan J.
cherfilus-mccormick.house.gov
07/22/25
Unlocking the development potential of diaspora communities and helping reduce reliance on foreign aid
WASHINGTON, D.C. – Today, Rep. Sheila Cherfilus-McCormick (D-FL) and Rep. Jonathan J. Jackson (D-IL) introduced the African Diaspora Investment and Development Act (AIDA), groundbreaking legislation that harnesses the economic power of African and Caribbean diaspora communities to advance sustainable development, reduce remittance costs, and align U.S. foreign policy with grassroots investment.Millions of Americans with heritage in Africa and the Caribbean send billions of dollars annually to support loved ones and communities in their countries of origin. Yet, they often face high transaction fees, limited investment tools, and few incentives to grow their impact. AIDA addresses these barriers head-on.
As highlighted in Realizing Africa’s Potential: A Journey to Prosperity by Professor Landry Signé, published by the Brookings Institution, the diaspora can be a powerful driver of development in their home countries—not just through remittances, but by fostering trade, investment, research, innovation, and the transfer of knowledge and technology. This dynamic strengthens U.S. interests by empowering African and Caribbean diaspora communities, who are an integral part of the American fabric, to spur economic growth and innovation both abroad and at home, reinforcing U.S. global partnerships and domestic prosperity.
The African Diaspora Investment and Development Act:
- Reduces the cost of remittances by promoting transparency, competition, and innovation in money transfers.
- Creates tax incentives for diaspora investments that drive sustainable economic development in African and Caribbean countries.
- Encourages financial inclusion through fintech and diaspora-owned money transfer platforms.
- Supports diaspora-led investments with U.S. financial backing.
- Advances U.S. development goals by strengthening diaspora engagement in entrepreneurship, infrastructure, and community development projects abroad.
“This bill is timely and vital, especially at a time when US policy towards Africa and the Diaspora is shifting from aid to trade,” said Rep. Jonathan L. Jackson (D-IL). “Remittances ($90 billion inflow to Africa in 2023) have surpassed both foreign assistance and direct investment in many countries in Africa and the Caribbean; a source for development and economic growth. AIDA strengthens the Diaspora contributions in GPD growth through investments and family support – food, housing, education, health care, etc.”
“Reducing remittance costs and eliminating taxes on remittances are critical measures that ensure every dollar sent goes further, directly benefiting health, education, small businesses, and local infrastructure,” said President of the Nigerian Physicians Advocacy Group, Susan Edionwe. “These changes will empower organizations like ours, whose work relies heavily on diaspora contributions, to expand our impact and better serve the people of Nigeria and beyond.”
"The proposed AIDA bill is a fundamental recognition that as a nation of immigrants the USA holds the ultimate power of transformation in the contributions of its diaspora to the rest of the world,” said Founder and CEO of Hamstrings, Inc., Eric V. Guichard. “AIDA is about leveraging these diaspora resources for good. It is a paradigm shift in development finance whose time has come."
“Remittances from family and friends in the U.S. to these regions primarily address basic necessities for recipients including housing, food, education, services, small business support and humanitarian assistance,” said Haiti Renewal Alliance. “A framework for partnerships with the U.S. DFC and diasporas via the AIDA Act to channel remittances for coordinated and robust investments with people on the ground in African and Caribbean countries, ushers the U.S. leading the next generation of successful global development for inclusive growth, peace, stability and opportunity, appreciating diaspora from Africa and Caribbean as key contributors.”
During a time when development assistance from the United States in Africa and in the Caribbean, is being drastically curtailed or even eliminated, African and Caribbean countries will need to increasingly rely on remittances coming from the Diaspora to meet basic needs and to get by,” said President of Constituency for Africa (CFA), Melvin Foote. “The proposed AIDA legislation if passed, would certainly be a huge step in the right direction.”