Wednesday, April 24, 2013

IRS Issued 11 Billion In Improper Refunds To 'Poor People'

"The Internal Revenue Service issued more than $11 billion in improper payments through its Earned Income Tax Credit program last year," according to an article in the liberal Washington Post...

The article goes on to state: "The IRS estimates that at least 21 percent of its EITC payments in 2012 were faulty. That rate showed a decline compared to the previous nine years, but improper payments over the same period increased about 22 percent, rising to at least $11.6 billion, according to the inspector general’s report."

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Posted By: Chris Carmouche