IRS paid out $132 billion in bogus tax credits over last decade

by
October 22, 2013

obama
The IRS paid as much as $13.6 billion in bogus claims for the Earned Income Tax Credit last year, according to a report the agency’s internal auditor released Tuesday morning.

The Treasury Inspector General for Tax Administration said it warned the IRS in 2011 that it was making the erroneous payments, but two years later the agency hasn’t fixed the problem.

Over the last decade, the IRS could have paid out as much as $132.6 billion in improper payments.

“The IRS has made little improvement in reducing improper EITC payments as a whole since it has been required to report estimates of these payments to Congress,” the inspector general said. “The IRS acknowledges that further reductions in the EITC improper payment rate will be difficult to achieve.”

Investigators said the IRS is still violating an executive order President Obama signed in 2009 telling agencies to come up with ways to reduce improper payments.

9 Comments - what are your thoughts?

  • pistofftxpyr says:

    If this was a public company’s management instead of the government, there would have been a blood bath long ago. At best the federal government is inept. At worst, its conduct borders on outright criminality.

  • Sarrah Goldblume says:

    This in an EXCELLENT Federal Reserve 101 video.

    For your consideration:

    America: Freedom to Fascism

    “Determined to find the law that requries American citizens to pay income tax, producer Aaron Russo (Bette Midler’sThe Rose, Trading Places) set out on a journey to find the evidence. Neither left nor right-wing, this startling examination of government exposes the systematic erosion of civil liberties in America since 1913 when the Federal Reserve system was fraudulently created. Through interviews with two U.S. Congressmen, former IRS Commissioner and former IRS and FBI agents, tax attorneys and authors, Russo connects the dots between money creation, federal income tax, and the national identity card, which becomes law in May 2008 and will use Radio Frequency Identification (RFID) technology.”

    http://www.youtube.com/watch?v=uNNeVu8wUak

    1. Ed Burns says:

      Wasn’t Aaron Russo “eliminated” for his exposing this fraud by the Fed?

      1. Sarrah Goldblume says:

        Cancer got him is what the story is – like many events what the truth is who knows?

        1. Ed Burns says:

          Thanks Sarrah, someone knows!

  • Brer_Rabbit says:

    This doesn’t even include the $4.2 Billion each year in Additional Child Tax Credits paid out to illegal aliens, often for children not even living in the United States. In my opinion ALL tax credits should be gotten rid of. The Congress authorizes taxpayer money, through the budget, out the front door. Tax credits are taxpayer funds going out the back door.

    If a subsidy is necessary, in my opinion it should be authorized by public debate. I just got back from Northern Virginia and Maryland. Many of those living there are dependent on the lobbyists that are there for the sole purpose of getting and continuing tax credits for special interests. Lots of people and organizations have their fingers in the tax credit pot.

  • sosideirish says:

    ILLEGALS are living off the proceeds of being allowed to file AND to claim EITC benefits for people who don’t exist, don’t live here and/or don’t pay taxes AND are NOT citizens of the US. This is beyond ridiculous!!

    1. Sarrah Goldblume says:

      I agree, ILLEGALS are a weapon being used against us.

      Who is unleashing this war on America and the world?

      For you thoughtful consideration and review:
      I was shocked at the factual content- as you will be if you do credible research.
      http://www.youtube.com/watch?v=cyV4xaQgmO8

    2. Noah Rosenblum says:

      You are right but these illegals vote Democratic

Leave a Reply

Your email address will not be published. Required fields are marked *

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative