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Economic contribution to USA by H1B
lets say around 580k H1B holders currently in USA lets assume an average H1B holder annual salary is 120k -150k per annum (average taken across USA), with that all 580k H1B holders contribution towards economy per year as below in approximate numbers - Income tax on base rate 22% - 24%, they contribute around $85 billion per year - social security, approximately $20 billion per year - medicare, approximately $5 billion per year - consumer spending, in this section i would go bit liberal after seeing desis spending, lets say $100 billion per year or may be more - spending on USCIS fees, though its not every year expense so lets say around $500 million (just a random number trying to equate with medicare) - in addition property taxes, sales tax, road tolls, hospital bills, insurance, tuition fees, utilities ..etc also they are contributing around approximately $10 billion per year - i am not talking about 401k yet H1B are the cash cows, literally they are cows who just keep mum and do work without much attitude or noise. After contributing this much to economy still they dont have equal rights as GC or citizen in job, and boss abuse their situation. After all they pay everything promptly still they are second class people without much rights than a citizen who bankrupts and doesn’t pay taxes. so the question is US is ready to kill this cash cows or golden goose. USA has history of treating the slaves as property, so would they destroy their property? would they take a sudden shift in their economy or massiv 401k withdrawals..etc
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