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Posts Tagged ‘Taxes’

Obama’s Tax Evaders of the Year

Posted by FactReal on January 2, 2013

Via Michelle Malkin:

President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their “fair share” in taxes. But while millions of small business owners, struggling entrepreneurs, inventors, and investors brace for a double whammy of fiscal cliff tax hikes and new Obamacare taxes, the class warrior-in-chief’s richest pals are getting a pass.

It’s a Golden Pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year.

— Google
— The Washington Post
— Costco
— Facebook
— George Lucas
— Andre “Dr. Dre” Young

Details here.

Costco, a Big Obama Donor, to Pay Fat Dividends to Beat Obama’s Tax Increase…
Biden’s Costco Visit – A Publicity Stunt as Payback to Big Democrat Donor
Obama’s 2012 Campaign is Collecting Your Online Activities

Posted in Economy/ Finance, Left, Obama | Tagged: , , , , , , , , , , | Leave a Comment »

Obama’s IRS Urged Employees to Ignore Fraud from Immigrants

Posted by FactReal on August 9, 2012

The Washington Times reported yesterday:

IRS supervisors ignored employees who tried to warn agency higher-ups of fraud in a program designed to collect taxes from immigrants, resulting in the agency paying out potentially bogus refunds, according to an official audit released Wednesday.

The Treasury’s inspector general for tax administration (TIGTA) said the IRS is too focused on getting out refunds quickly rather than getting them only to qualified taxpayers. Auditors also said the agency eliminated some methods employees had used to figure out questionable refund requests and doesn’t have the right training or tools to screen out bogus identity documents when immigrants apply for taxpayer numbers.

“TIGTA found an environment which discourages employees from detecting fraudulent applications,” said J. Russell George, the inspector general.

In the wake of the finding, one congressman called on the IRS commissioner to resign.

IRS pays out $6.8 billion in refunds to taxpayers who file using Individual Taxpayer Identification Numbers (ITINs). They generally are immigrants, here both legally and illegally. The potential amount of fraud was not stated, but the investigators detailed seven schemes that paid out $9 million in tax refunds in 2011. […]

The auditors took a closer look at fraud after being prompted by senators, who said they had heard complaints from IRS employees that their warnings were being ignored.

Mr. George confirmed that, saying IRS supervisors were urging employees to turn their backs on potential fraud from identity theft.

…[I]nvestigators said the IRS issued 23,994 refunds to one address in Atlanta, totaling $46 million in refunds.

And one single bank account was issued 8,393 refunds totaling $236,747, while another account was issued 2,706 refunds totaled $7.3 million in 2011.

Posted in Economy/ Finance, Government Waste, Immigration | Tagged: , , , , , | Leave a Comment »

Americans Earning over $50,000 a Year Paid 93.3% of all Taxes in 2010

Posted by FactReal on April 19, 2012

Highlights of the CNSNews report:
  • According to statistics compiled from the IRS by the Tax Foundation, those people making above $50,000 had an effective tax rate of 14.1%, and carried 93.3% of the total tax burden.
  • In contrast, Americans making less than $50,000 had an effective tax rate of 3.5% and their total share of the tax burden was just 6.7%.
  • In 2010, only 85 million actually paid taxes.
  • The Tax Foundation data also shows that people who didn’t pay any income tax received $105 billion in refundable tax credits from the IRS.

Posted in Economy/ Finance | Tagged: , , , , , , | Leave a Comment »

IRS: Paying Taxes Is Pathway to Citizenship for Illegal Aliens

Posted by FactReal on April 9, 2012

We now know illegal aliens have been filing tax returns to get tax credits from the IRS. Many times, these tax credits exceed what little taxes they had paid. Illegal aliens do not file tax returns because they suddenly care about the U.S. laws…laws they broke when they entered this country illegally and when they decided to work without proper authorization, etc., etc.

Now, government officials want to give them citizenship for “paying taxes”? Stupid is as stupid does.

(Click image for video)

CNSNews reported:

Internal Revenue Service Commissioner Douglas Shulman said Thursday that paying taxes is a pathway to citizenship for illegal aliens.

At the National Press Club in Washington, D.C., 12 days  before this year’s tax-filing deadline (Apr. 17), Shulman was asked about what his  agency is doing to collect taxes from illegal aliens.

“You know, it’s a great question,” he said. “One of the pathways to  citizenship that people believe is a good one is–even if you’re not  in this country legally–to pay taxes.”

Illegal aliens file tax returns to get tax credits from IRS:

According to a Treasury Inspector General audit,
Individuals Who Are Not Authorized to Work in the United States Were Paid $4.2 Billion in Refundable Credits. […]

Although the law prohibits aliens residing without authorization in the United States from receiving most Federal public benefits, an increasing number of these individuals are filing tax returns claiming the Additional Child Tax Credit (ACTC), a refundable tax credit intended for working families. The payment of Federal funds through this tax benefit appears to provide an additional incentive for aliens to enter, reside, and work in the United States without authorization, which contradicts Federal law and policy to remove such incentives.

This is how we are losing our country.

Posted in Economy/ Finance, Immigration, Law | Tagged: , , , , , | 1 Comment »