If a large volume of income similar to 40-50k is brought here from a unfamiliar country, and a little wants to make make use of of it to buy a residence will they be taxes by IRS? I know there is a price to send the income here, but should the IRS taxation these income given it will be make make use of of for a residence purchase.

Can China do this only similar to how banks emanate income out of thin air around debt? Assuming the US pays behind the debt, China will be richer. But, if US defaulted, it doesn’t make a difference to China since they only conjured up the income in the initial place.