A gigantic amount of money pumped out by Barack Obama’s free-spending government simply vanishes into thin air. As Lisa Rein of the Washington Post reports, the Treasury Department just found $4.2 billion of it:
The Internal Revenue Service allowed undocumented workers to collect $4.2 billion in refundable tax credits last year, a new audit says, almost quadruple the sum five years ago.
Although undocumented workers are not eligible for federal benefits, the report released Thursday by the Treasury Inspector General for Tax Administration concludes that federal law is ambiguous on whether these workers qualify for a tax break based on earned income called the additional child tax credit.
Taxpayers can claim this credit to reduce what they owe in taxes, often getting refunds from the government. The vagueness of federal law may have contributed to the $4.2 billion in credits, the report said.
The IRS said it lacks the authority to disallow the claims.
Really? Well, who does have the authority to disallow funky tax claims from people who can’t produce the baskets full of documentation legal citizens are routinely required to cough up?
Read it all here
via Doug
What did you expect from crap. The post service is broke, there will not be enough money to help the “so call hurricane victim’s” and the assholes in congress want more. None on them have to pay for hookers, lunch, clothing, gas, or even children’s education. Is is all free when you go to Washington. Ever wonder who the white woman, is sleeping with brainless, douche bag blunder ? Smile America,,screwed again. Ever wonder what is const to support Opie’s girlfriel..What about hillary’s live girlfriend..Our tax dollors pay for both, Bend over..no kiss no lub,
AMERICA, you allow that ?, get yourself up and get ready for 2012 beginning now,
you are so uptight now from the abuse, you have no other solution but react,
react frantic on an every day effort to get in and get the ABUSERS OUT ,
IT WILL BE A MONSTROUST JOB FOR ALL , BUT ALL TOGETHER IS BOUND TO BRING RESULTS,
AND SEND THE CORRUPTS TO THE DEEP , WHERE THE BEAST BELONG FOR A THOUSAND MORE YEARS,
THAT ‘S WHAT THEY ARE AFRAID OF, AND THAT’S WHERE THEY WILL END UP IN 2012,