>>If you're going to talk about tax breaks for corporations, then you have to talk about fraud from Earned Income Tax Credits. The Treasure Dept Inspector General has acknowledged that the IRS improperly pays out billions every year. The IRS was given recommendations years ago for how to trim this, but didn't implement them.
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>FWIW, I heard once from someone in a position to know that the EITC is the single most effective anti-poverty program we have.
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>Tamar
>>I heard once from someone in a position to know that the EITC is the single most effective anti-poverty program we have.
Yes, it is.
As Kevin pointed out there's rampant theft because the IRS's enforcement capacity has been systematically gutted by congress.
The sequester made things worse.
From what I've read, corrupt tax preparers who share in the proceeds are the most egregious offenders.
With hundreds of billions flying out the door, the ROI potential for increased enforcement is obvious.
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.