Friday, November 01, 2013
Government at Work - on Earned Income Tax Credits
For me "government at work" is a nasty connotation.
Stories like this support and reinforce that thought...
Stories like this support and reinforce that thought...
At Townhall.com, Byron York explains in his article titled "IRS Tax Credit Scandal A Bad Omen For Obamacare":
"The government sends out between $60 billion and $70 billion a year in Earned Income Tax Credit payments. Now, a new IRS inspector general's report shows that a huge amount of that — anywhere between 21 and 30 percent, depending on the year — has been given out improperly to recipients who do not qualify for the payment. The inspector general estimates that somewhere between $110 billion and $132 billion -- billion, not million -- has been given away in improper Earned Income Tax Credit payments in the last decade. "
