Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Liz

The income tax "refund" is almost certainly generated by Earned Income Tax Credit (EITC) fraud, which as a "legal resident" the number renter would qualify to receive, especially if they have have or claim children. The EITC is a "refundable tax credit, which means the IRS will pay it out even if no taxes have been withheld or paid in. So the IRS gives filers who claim the EITC "refunds," even if they have had no taxes withheld. These number renters can claim up to $4,400 for the 2005 tax year in EITC "refunds," most of the number renters probably claim this maximum refund.

The IRS should be called someting else as it sure is not generating revenue........


14 posted on 07/21/2006 8:04:25 AM PDT by PeterPrinciple (Seeking the truth here folks.)
[ Post Reply | Private Reply | To 12 | View Replies ]


To: PeterPrinciple

"The IRS should be called someting else as it sure is not generating revenue"

The Earned Income Tax Credit is the biggest fraud by playing with the language ever perpetrated.

It's flat out welfare and ought to be called so.


17 posted on 07/21/2006 9:49:57 AM PDT by dalereed
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson