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(Accounting Today)   IRS: What do you want from us, anyway? We only improperly paid out 1 out of every 4 earned income tax credit claims, and that's like a piddling little $11 billion annual ripoff so quit your biatchin'   (accountingtoday.com) divider line 9
    More: Asinine, Earned Income Tax Credit, IRS  
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2086 clicks; posted to Politics » on 23 Apr 2013 at 11:06 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-23 12:08:26 PM  
2 votes:

Arkanaut: Red Shirt Blues: Until the IRS can match up social security number to residences the fraud will keep happening.

But then the UN and the Illuminati will be able to track us down and take away our guns!


That's why I am hiding behind seven proxies and have thirteen residences....none in which I live in.
2013-04-23 02:28:38 PM  
1 votes:

tenpoundsofcheese: It is when debt as a percent of GDP is at a level not seen since 1946. Debt > GDP = not good.


We know that is true because the economists that said it based it on a spreadsheet that wasn't calculating correctly.

But that's ok, because we don't need facts when we have beliefs, amirite?
2013-04-23 02:00:28 PM  
1 votes:
So the same people who complain about how the government and the IRS shouldn't be coming after your money are upset that the government and the IRS didn't come after your money enough?
2013-04-23 01:52:22 PM  
1 votes:
I am outraged that an agency stripped of manpower has an increase in the error rate!
2013-04-23 12:06:24 PM  
1 votes:

Red Shirt Blues: Until the IRS can match up social security number to residences the fraud will keep happening.


But then the UN and the Illuminati will be able to track us down and take away our guns!
2013-04-23 11:55:02 AM  
1 votes:

Gulper Eel: How fast would your business go under if you farked up one out of every four transactions?


Wait, so the government should be run like a business?

Guess they need to jack the tax rates up significantly. Have to make a profit, you know.
2013-04-23 11:53:10 AM  
1 votes:

plewis: Too bad the sequester made us reduce the man hours of the people who would do these audits.


It's almost like, for government to function properly, you need to hire workers and pay them to do all the administrative work.... And we wonder why the SEC isn't efficient at catching bad guys.
2013-04-23 11:38:10 AM  
1 votes:
TFA: The Internal Revenue Service was not in compliance with all requirements of a 2010 law that increased agency accountability

i.telegraph.co.uk

You were serious about that?
2013-04-23 11:31:55 AM  
1 votes:

Alphakronik: So, they are biatching about a loss that is equal to the tax subsidies of one Fortune 500 company.


LOL


Apples/oranges.

I don't like subsidies either, but the companies that got them did so through legal means. Weaselly and slimy means, but perfectly legal. Hate the game, not the player.

And for what its worth, not even the most kucinichy interpretation of the definition of a subsidy gave any Fortune 500 company $11 billion in a year. Three got that much if you measured over three years. It's a good argument for eliminating the whole concept of taxes/tax subsidies for businesses altogether, but that's a different topic than the one here - which is IRS incompetence.

How fast would your business go under if you farked up one out of every four transactions?
 
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