To tens of millions of Americans, the Internal Revenue Service is a source of income, not a dreaded tax collector. Though not widely known, the IRS administers "one of the federal government's largest benefit programs for working families and individuals."By claiming certain "credits," primarily the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit, eligible tax filers receive a check from the IRS even if they have paid no federal income tax during the year. The EITC is a form of negative income tax, the merits of which will not be debated here. EITC is the "largest cash assistance program targeted at low-income families."In 2008, of the approximately 142 million Forms 1040 filed, 25 million included EITC claims totaling $51.6 billion. After considering income tax and FICA offsets, the IRS paid out $45 billion in EITC benefits for the 2008 tax year. Another $20.5 billion was paid for Additional Child Tax Credits. In 2009, according to the IRS, over 26 million people received nearly $59 billion in EITC benefits. These amounts don't include similar benefits paid by many state governments.
If you were to meet, first hand, some of the people who are claiming the EITC along with their assortment of other government programs, it would make you sick. Many of these people come into my office stoned and/or drunk. Most are dragging kids in here that have noticeable child neglect issues (mainly their parent being stoned).
You'll see a parent claiming three kids on a return; none of which have the same last name.
I always challenge my liberal friends with the notion that they would never let a relative live in their home displaying the kind of behavior exhibited by these low lifes and yet they continue to support subsidies to these derelicts.
When you subsidize something, you get more of it. As a result we now have a population of Snooki's...... without the class.
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