Wednesday, May 9, 2012

Illegal Immigrants & Tax Fraud - #3872 - VIDEO: Report: Tax Loophole Pays Out Billions in Tax Credits to Illegal Aliens - The Blaze

Report: Tax Loophole Pays Out Billions in Tax Credits to Illegal Aliens - The Blaze - Billions of dollars in tax credits are being paid out to illegal immigrants because of a certain “undocumented worker” tax loophole, Indiana’s WTHR-TV reports. And, of course, it’s all happening at the expense of the taxpayer. “There is not a doubt in my mind there’s huge fraud taking place here,” a whistleblower told Eyewitness News on condition of anonymity, “We’re talking about a multi-billion dollar fraud scheme here that’s taking place and no one is talking about it.” So how does the alleged fraud work? It’s a little convoluted but reporter Bob Segall walks you through the process: The Internal Revenue Service says everyone who is employed in the United States – even those who are working here illegally – must report income and pay taxes. Of course, undocumented workers are not supposed to have a social security number. So for them to pay taxes, the IRS created what’s called an ITIN, an individual taxpayer identification number. A 9-digit ITIN number issued by the IRS provides both resident and nonresident aliens with a unique identification number that allows them to file tax returns. [...] Each spring, at tax preparation offices all across the nation, many illegal immigrants are now eagerly filing tax returns to take advantage of a tax loophole, using their ITIN numbers to get huge refunds from the IRS. The loophole is called the Additional Child Tax Credit. It’s a fully-refundable credit of up to $1000 per child, and it’s meant to help working families who have children living at home.  Read more......

2 comments:

  1. No discrimination or racial profiling from the Constitutional TEA PARTY, but are against the illegal immigration occupation from any person, from any country who came here without permission. The TEA PARTY comprises of small and large chapters throughout America of every nationality, every race and every religious denomination? Replace all lawmakers, Governors, Mayor, police chiefs and all elected administrators in every federal, state and municipal agency that doesn’t have the same judgment of the Tea Party leaders. If you cherish your freedoms from the corruption in Congress that will benefit all of us, we need a balanced tax code with no subsidies, loopholes for corporations, sugar industry or anybody else; a right to drill on the Peoples public lands and sea with its massive reservoirs of oil, natural gas for the consumer and to alleviate our out-of-control 16 trillion dollar deficit. No more government bail outs for the friends of the Oval Office. Begin ‘Attrition through Enforcement’ by enacting E-Verify to eject illegal aliens from the workplace. Complete coverage of ‘Secure Communities” for every state to locate the foreign criminals. Throw out all the profiteering lawmakers and clean house; put familiar TEA PARTY leaders in their place. Introduce a waste and reduction law, which begins the process of shrinking the size of government. Then according to a recent study by the Heritage Foundation another Comprehensive Immigration Reform package, better known as AMNESTY, would cost taxpayers an estimated $2.6 Trillion dollars to process and complete. Another giant price tag we cannot accept. Currently the 50 states have unfunded mandates of supporting foreign nationals of $113 billion dollars annually and counting.

    Voters need to insist from Congress, specifically from GOP House speaker, John Boehner of Ohio and Dave Camp of Michigan, as the Chairman of the powerful Ways and Means Committee to stop blocking the 50-state E-Verify bill. Call the Washington switchboard at 202-224-3121 Washington, DC. For further truth, not propaganda on this crisis matter, check with NumbersUSA website, where even Congress consults on immigration matters. Arizona dared to go up against the feds, who are a controlling mega-monster that are to blame for not enacting strict immigration laws. If entry by stealth as visa overstays are or just slipping past the agents at the border was classified as a felony, they numbers of people coming here would have been minimal. Now the U.S government has 20 million plus to contend with and so the best they can do, is antagonize individual states trying to protect their citizens from unfunded mandates. Arizona and a very few other states are ‘carrying the can’ for states as with Sanctuary States like California, Nevada, Colorado who have too much of a mushy backbone to join the fight? Also in the news are illegal aliens stealing $4-2 billion dollars in taxpayers’ money, owing to a gaping loophole in the child tax dependency credit.

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  2. I would like to thank you for the efforts you have made in publishing this article. I am hoping the same best work from you in the future as well.This blog is very helpful for readers really its nice post on Illigal Immegrants & tax fruad

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