If 25% of the payouts are fraudulent, the only reasonable action is to repeal the EIC.
A glaring example of the type of thing that can be remedied by switching from income tax to a consumption tax model, ala the Fair Tax plan.
Nothing they can do about it?
More like they have no desire to do anything about it.
“...and that there’s nothing the IRS can do about it. ...”
Betcha that if they got rid of that sorry ba$tard director and made the IRS employee salaries and bonuses dependent upon eliminating the fraud that it would disappear quickly!
25 percent of EITC payments issued last year should not have been issued.
Nooo.
100% percent of EITC payments issued last year should not have been issued.
Not earning income is just wrong and ruins people.
There was a story a couple of years ago about a single address where over $3M in EITC refunds had been mailed Don’t recall where. Multiple returns claiming max dependents yet they can find a way to audit my investment accounting every single year.
We should be surrounding their buildings and daring them to come out.