The size of the credit depends on a family's income and number of children.
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
With so much attention focused on the Obamacare crapfest lately, it’s been easy to forget that the IRS is also riddled with problems. This news from CBS’ Sharyl Attkisson doesn’t exactly put our minds at ease:
IRS IG says up to 1/4 of tax $ given for Earned Income Tx Credit goes to people who don't qualify.
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
IRS IG says the problem is a mix of fraud and honest families who miscalculate on their tax forms.
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
You mean the “honor system” lends itself to fraud? Who’d’a thunk?
Improper EITC payments in the past decade totaled up to $132.6 billion dollars, peaking during 10 economic crisis at $18.4 billion dollars.
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
The IRS says it can't audit the 27m families who take the credit but is doing all it can to prevent fraud & other improper pymts
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
The IG says he instructed the IRS to develop new systems to prevent the improper pymts in 2008… but IG says IRS didn't do so.
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
Of course not.
Here’s Attkisson’s full report:
Attkisson: IRS improperly paid out $132 billion in tax credits: Report http://t.co/B58VUOQZdM via @CBSNews
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
Oh, and just in case that’s not unsettling enough, there’s also this:
Baltimore Ravens were paid tax dollars to promote "Obamacare" accdg to JudicialWatch which obtained these documents: http://t.co/6qHKFKxjTb
— Sharyl Attkisson?️♂️ (@SharylAttkisson) October 22, 2013
Our tax dollars at work — whether we like it or not.