Illegal Aliens Recieve BILLIONS Yearly via IRS Loophole
Just in time for tax season
https://www.youtube.com/watch?feature=player_embedded&v=3eQZoXAU7X0
http://www.factcheck.org/2012/05/tax-credits-for-illegal-immigrants/
Legalized extortion agency, The IRS is apparently giving away billions of dollars to illegal aliens.
"Here we should explain that the IRS routinely seeks to collect both federal income taxes and federal payroll taxes from illegal immigrants, who are required to pay regardless of their immigration status. Because such workers don?t qualify for a valid Social Security number, the IRS issues a nine-digit Individual Taxpayer Identification Number. An ITIN doesn?t authorize the user to work legally in the U.S., and doesn?t entitle him or her to Social Security benefits.
But in addition to collecting taxes, the IRS has increasingly been making payments to low-income workers who pay no federal income tax but qualify for ?refundable? credits. Generally, illegal immigrants don?t qualify for Social Security, Medicare or other federal benefits, except for emergency medical treatment in hospitals. And since passage of the 1996 welfare reform law, they have been ineligible for the refundable portion of the Earned Income Tax Credit as well.
At that time, Congress required that a valid Social Security number be filed for those claiming the EITC, and that requirement saved an estimated $300 million a year. But Congress did not enact a similar requirement when it created the child tax credit, which went into effect in tax year 1998 at $400 per child, and was increased to $500 the following year.
Initially the credit wasn?t refundable in most cases (only for families who had three or more children and who also met certain income tests). So the issue of illegal workers claiming credits did not arise at first. But the 2001 Bush tax cuts made more parents eligible for refundable credits, and increased the amount in steps to $1,000 per child.
So by 2005, the recent IG report said, 796,000 persons without valid Social Security numbers claimed refundable child credits totaling $924 million, and in 2008, these claims had risen to 1,526,276 persons claiming $2.1 billion in refunds.
Finally, President Obama?s 2009 stimulus measure made temporary changes that had the effect of allowing more parents to claim the refundable credits, or claim greater amounts. And the total grew the following year to the $4.2 billion cited by the IG. Those ?temporary? changes now have been extended at least through 2012 by the bill Obama signed in December 2010, which also extended the Bush tax cuts and enacted additional economic stimulus measures including a reduction in federal payroll taxes."
Now why in the H-E "double hockey sticks LL" is this still going on? Why is the President and Congress allowing the IRS to GIVE AWAY billions of American Tax Dollars to Criminal Law Breakers?
The same IRS that will seize bank accounts and every kind of property imaginable if an AMERICAN CITIZEN owes as little as $10,000 in back taxes!
http://www.factcheck.org/2012/05/tax-credits-for-illegal-immigrants/
Legalized extortion agency, The IRS is apparently giving away billions of dollars to illegal aliens.
"Here we should explain that the IRS routinely seeks to collect both federal income taxes and federal payroll taxes from illegal immigrants, who are required to pay regardless of their immigration status. Because such workers don?t qualify for a valid Social Security number, the IRS issues a nine-digit Individual Taxpayer Identification Number. An ITIN doesn?t authorize the user to work legally in the U.S., and doesn?t entitle him or her to Social Security benefits.
But in addition to collecting taxes, the IRS has increasingly been making payments to low-income workers who pay no federal income tax but qualify for ?refundable? credits. Generally, illegal immigrants don?t qualify for Social Security, Medicare or other federal benefits, except for emergency medical treatment in hospitals. And since passage of the 1996 welfare reform law, they have been ineligible for the refundable portion of the Earned Income Tax Credit as well.
At that time, Congress required that a valid Social Security number be filed for those claiming the EITC, and that requirement saved an estimated $300 million a year. But Congress did not enact a similar requirement when it created the child tax credit, which went into effect in tax year 1998 at $400 per child, and was increased to $500 the following year.
Initially the credit wasn?t refundable in most cases (only for families who had three or more children and who also met certain income tests). So the issue of illegal workers claiming credits did not arise at first. But the 2001 Bush tax cuts made more parents eligible for refundable credits, and increased the amount in steps to $1,000 per child.
So by 2005, the recent IG report said, 796,000 persons without valid Social Security numbers claimed refundable child credits totaling $924 million, and in 2008, these claims had risen to 1,526,276 persons claiming $2.1 billion in refunds.
Finally, President Obama?s 2009 stimulus measure made temporary changes that had the effect of allowing more parents to claim the refundable credits, or claim greater amounts. And the total grew the following year to the $4.2 billion cited by the IG. Those ?temporary? changes now have been extended at least through 2012 by the bill Obama signed in December 2010, which also extended the Bush tax cuts and enacted additional economic stimulus measures including a reduction in federal payroll taxes."
Now why in the H-E "double hockey sticks LL" is this still going on? Why is the President and Congress allowing the IRS to GIVE AWAY billions of American Tax Dollars to Criminal Law Breakers?
The same IRS that will seize bank accounts and every kind of property imaginable if an AMERICAN CITIZEN owes as little as $10,000 in back taxes!
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