Thursday, March 05, 2009

10% H1B Visa tax

http://www.businessinsider.com/linkedin-founder-reid-hoffman-expand-the-h-1b-program-and-tax-it-2009-3
Lawmakers could improve the situation all around by removing the cap on H-1B visas while imposing a 10 percent payroll tax above and beyond the benchmark salary for any position being filled by holders of such visas. The proceeds of the payroll tax could be channeled into U.S. reeducation programs.

Surprisingly I think this is a great idea.

What do you think?


Cheers,
Dean

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