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Sunday, July 29, 2012 6:35:14 PM
A Completely Screwed Up System
Submitted by Bruce Krasting on 07/29/2012 17:31 -0400
The following chart from the Congressional Budget Office (CBO) shows who pays federal income taxes in America.
(Read the entire thing...follow it down to illegals).......
individuals who were not authorized to work in the United States received $4.2 billion by claiming the refundable portion of the child tax credit—the additional child tax credit (ACTC).
“How is this possible?” How could illegal workers end up receiving federal tax credits? The IRS is encouraging the process.
The IRS issues two kinds of tax identification numbers. A traditional SS# is available for all legal residents. Illegal residents can obtain an ITIN (Individual Tax Identification Number). The use of ITIN has exploded 10-fold over the past decade. In 2010 3.2m people used these numbers to file tax returns and obtain refunds.
more.....
http://www.zerohedge.com/contributed/2012-07-29/completely-screwed-system?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Submitted by Bruce Krasting on 07/29/2012 17:31 -0400
The following chart from the Congressional Budget Office (CBO) shows who pays federal income taxes in America.
(Read the entire thing...follow it down to illegals).......
individuals who were not authorized to work in the United States received $4.2 billion by claiming the refundable portion of the child tax credit—the additional child tax credit (ACTC).
“How is this possible?” How could illegal workers end up receiving federal tax credits? The IRS is encouraging the process.
The IRS issues two kinds of tax identification numbers. A traditional SS# is available for all legal residents. Illegal residents can obtain an ITIN (Individual Tax Identification Number). The use of ITIN has exploded 10-fold over the past decade. In 2010 3.2m people used these numbers to file tax returns and obtain refunds.
more.....
http://www.zerohedge.com/contributed/2012-07-29/completely-screwed-system?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Concentrate, and ASK the 8-Ball!
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