February 13, 2015
Yes, you read that right! A combination of both the Earned Income Tax Credit application and Obama's executive action on immigration have resulted in the eligibility for back-returns to illegal immigrants. Obama has bypassed congress on this issue lawlessly. The EITC application, applying to those who do not receive W2's, is painfully unclear and has resulted in up to 10-14 billion dollars in lost revenue to ineligible recipients. John Koskinen, an IRS commissioner, states that the application causes confusion. He proposes that we need correctable error authority and to find a way to make it easier for the EITC filers.
In a meeting with congress last week, Koskinen told members that as long as social security numbers were issued, immigrants were deemed eligible even if they did not pay taxes. This to me makes for a very interesting story that I believe would be beneficial to read for many reasons. Firstly, 10-14 BILLION dollars of lost revenue, that could have been spent constructing schools or researching the cure for cancer, is no minor mistake. Second, the flawed stipulations for EITC filers is essentially taking money and throwing it right out of the window. We are hard working, legal citizens who deserve responsible representatives. Koskinen even admits to their flaws. He then attempts to distract listeners from the issue at hand by suggesting that claiming dependents incorrectly is primarily at fault for such high numbers in lost revenue. Give this article a read and discover all the mishap with the EITC application and with Obama's action on immigration.
Click here to for the link I found most informative on The Drudge Report.
1 comment:
Only people who pay taxes are eligible for tax-returns, immigrants or not immigrants. Also there are many immigrants who pay their taxes and don't get their tax-return because they do not request it. What happens with the money that they paid? Where does that money go? I believe that anybody who pays taxes should be able to have back-refunds according to human rights; it's the only fair thing to do.
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