Would it be such a "hard choice" to end some of the tax credits that go to businesses with effective lobbyists?
"The title of the report summed up the IG’s finding: “Individuals Who Are Not Authorized to Work in the United States Were Paid $4.2 Billion in Refundable Credits.”
The credits currently amount to $1,000 per child, and they are “refundable,” meaning that parents may receive refunds even when they do not owe any tax.
The IG report stated that more than 2.3 million persons who did not have Social Security numbers valid for working in the U.S. got an average of roughly $1,800 each in 2010 in child tax credit refunds. That included 9,000 illegal immigrants who each got a total of $10,000 or more by retroactively claiming credits for tax years prior to 2010."
I know someone, very well I might add, who receives very large income tax refunds every year. In 2011 the person worked maybe three months total yet received almost $4,000 from the Feds and a little over $1,000 from the State. The person also received child support, medical assistance, food assistance, unemployment, energy assistance, etc.
I, on the other hand, claim no dependents and have additional money taken from my pay in order to (hopefully) not owe taxes again next year.
Now, I love this person but you can't know how much this "windfall" pisses me off year after year (some of my anger stems from the fact that the person doesn't work and really doesn't even try to find a job although is qualified for good paying jobs). This year I did ask, "How does one do this? How does one not even earn $4,000 in a year yet get that and more back in the form of tax refunds??"
Using the EITC calculator on this website
Put in someone making $10,000 a year. If they don't pay a dime of income tax out of thier check, they would get a EITC refund of $6,015 between federal and Maryland EITC. I don't remember if they would also qualify for the child tax credit of $1,000 per child, but if so, their refund goes up to $8,015
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