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It’s stimulating the economy ...
This is one of the reasons you see on every street corner in the ‘hood starting on Jan 15th - - a tax prep outfit.
Between the “earned income credit” and these child credits, there is a huge amount of money given out.
Indiana’s version. Take your blood pressure med before reading:
http://www.wthr.com/story/17798210/tax-loophole-costs-billions
It is hard for me to blame the illegals for taking the money if we are dumb enough to give it away.
This is a matter which needs to be corrected NOW!!!
We in the defense realm are chewing our nails wondering if sequestration is going to hit or not. Americans everywhere are wondering if they’re going to have a job next month or not. Everyone else is wondering when the economy is going to crash and burn.
WTF are these people getting ANYTHING from our government???
I feel I’m living in some twilight zone anymore.
Though illegal immigrants are prohibited from receiving similar tax credits, a quirk in the law allows them to qualify. And it's a "refundable" credit, meaning illegals can reap the money -- with average checks totaling about $1,800 -- even if they've paid no taxes.
I’d believe $70B.
Soon the Political Class won't even need the Votes of Americans to get their power in Washington.
In my line of work I see lots of tax returns of Hispanics and blacks.....this is an epedimic that the general public really doesn’t know about....and the government has been turning a blind eye for years. I see tax returns that are so blatantly fraudulent its not even funny any more....listing nephews, nieces, people in Mexico, dogs, etc....I saw a return the other day where a Hispanic got a $5000 “earned income tax credit” on $19,000 in income with no taxes paid.....he listed something like 8 dependents.
You could stop it tomorrow by prosecuting a dozen high-profile cases of multiple abuse in the border states.
Here’s the other thing you do, you tell H&R Block, JacksonHewitt and LibertyTax, you guys have six months to fix this fraud by the 2013 tax return season, or your top execs are going down on RICO charges.