IRS loophole costing taxpayers billions

Discussion in 'Politics' started by WillowTree, May 2, 2012.

  1. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    73,369
    Thanks Received:
    11,257
    Trophy Points:
    2,030
    Ratings:
    +20,521
  2. chanel
    Offline

    chanel Silver Member

    Joined:
    Jun 8, 2009
    Messages:
    12,130
    Thanks Received:
    2,744
    Trophy Points:
    98
    Location:
    People's Republic of NJ
    Ratings:
    +2,748
    I just threw up in my mouth.
     
  3. bayoubill
    Offline

    bayoubill aka Sheik Yerbouti... Supporting Member

    Joined:
    Dec 30, 2008
    Messages:
    8,167
    Thanks Received:
    916
    Trophy Points:
    153
    Location:
    Cajun Country
    Ratings:
    +932
  4. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    73,369
    Thanks Received:
    11,257
    Trophy Points:
    2,030
    Ratings:
    +20,521
    4.2 Billion dollars per year.. You should write your congressperson and your Senators..
     
  5. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    73,369
    Thanks Received:
    11,257
    Trophy Points:
    2,030
    Ratings:
    +20,521
    and they get tax credits without ss numbers.. Do we Americans get that luxury?
     
  6. Zoom-boing
    Offline

    Zoom-boing Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    25,749
    Thanks Received:
    7,433
    Trophy Points:
    280
    Location:
    East Japip
    Ratings:
    +10,990
    OMG this is retarded! wtf??
     
  7. Desperado
    Online

    Desperado Gold Member

    Joined:
    Mar 13, 2012
    Messages:
    7,408
    Thanks Received:
    1,472
    Trophy Points:
    290
    Ratings:
    +5,172
    The major factor is that the IRS has known about it for years. That should be a crime.
    This loophole needs to be fixed immediately or the deduction should be deleted.
     
  8. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    73,369
    Thanks Received:
    11,257
    Trophy Points:
    2,030
    Ratings:
    +20,521
    Write your congressmen and your Senators and every time obama opens his mouth and yells for more taxes shout him down
     
    • Thank You! Thank You! x 1
  9. theDoctorisIn
    Online

    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

    Joined:
    Aug 12, 2009
    Messages:
    36,950
    Thanks Received:
    7,152
    Trophy Points:
    1,140
    Location:
    In the center of it all
    Ratings:
    +17,742
    It's a tax credit. "Illegals" couldn't get this tax credit unless they're filing taxes...

    Which kind of blows your "Illegals don't pay taxes" meme out of the water, doesn't it?
     
  10. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    73,412
    Thanks Received:
    11,887
    Trophy Points:
    2,030
    Ratings:
    +37,528
    It is the same child tax credit every taxpayer uses. It is not a "loophole".

    At least the illegals are paying taxes!
     

Share This Page