Comments on: Truck war – Digging through the garbage to arrive at the truth

By: Genie

Genie — Sat, 29 Sep 2007 18:20:58 +0000

Yes, it is a legal requirement, equal to at least two weeks pay, I think. I can't recall exactally, but it migh be more based on years of service. Some employers I know pay up to a months salary as a bonus, but I think that may be voluntary on the employers part, but I know two weeks is required.

By: Trailero 1

Trailero 1 — Sat, 29 Sep 2007 17:59:38 +0000

Thanks Genie. Had it on the tip of my tongue and could not remember. Am I pretty much on point that it is generally given and expected by all workers in Mexico? I know all the ones that I am acquainted with got some nice ones.

By: Genie

Genie — Sat, 29 Sep 2007 17:05:04 +0000

Christmas bonus is aguinaldo

By: ST DISMAS

ST DISMAS — Fri, 28 Sep 2007 09:58:30 +0000

Thanks for the clarification. The system in Mexico sounds much better than the one in the United States. There is a program that we should copy from Mexico.

By: Trailero 1

Trailero 1 — Fri, 28 Sep 2007 02:05:40 +0000

The flat tax or IVA (Impuesto Valor Addicional) or Value Added Tax, is a sales tax; on everything you purchase here with the exception of food. It is charged on tolls, telephone bills, both landline and celluar, internet services, lights, gas, everything.

And what makes this fair, every single person in Mexico contributes to the tax base. The underground economy that we have in the US does not exist here. Everybody pays something.

So a person making $5,000 a year would not necessarily pay $800.00. He would pay 16% on every dollar spent. Currently it is 10% as I noted before

In Mexico, a middle class family of professionals, depending on where they live, make about $500 combined or $5000 pesos. So the family income for the year would be about $24,000.00 You add to that the mandatory Christmas bonus, (it has a name, but I'll be damned if I can think of it at the moment) that family income could well exceed $30,000 per year.

The working poor in Mexico, those who work in the maquiladoras, earn about $80 per week or $800 pesos. $7,600 per year assuming both or working. Of course, this group pays less. And they also get the Christmas cash.

Yeah, the flat tax or whatever name you want to hang on it, needs to be explored for the U.S.

Oh, and don't confuse the IVA with Corporate taxes. That's a whole different ball of wax and Mexican corporations have loopholes and tax dodges American corporations never dreamed of.

One of the reasons the countries economy is so screwed up!