« | »

AP Pushes Signing Up For Earned Income Credit

Another Obama administration public service announcement, courtesy of their PR firm, the Associated Press:

Children not necessary for earned income credit

By CAROLE FELDMAN | January 21, 2014

WASHINGTON (AP) — You might want to consider filing a tax return this year even if you don’t meet the required income levels. You could be eligible for the Earned Income Tax Credit, a refundable tax credit that will put money in your pocket even if you don’t owe any taxes. But to get it, you must file a tax return.

Bear in mind this is supposed to be a news article, not an advertisement from the Obama administration to get even more people dependent upon the federal government. And to promote more income redistribution.

Created by Congress in 1975 "to offset the burden of Social Security taxes and to provide an incentive to work," the Internal Revenue Service says the premise of the EITC is simple: "to help you keep more of what you earned."

Which, of course, is a total lie. Since the vast majority of people who get the (Orwellian named) ‘Earned Income Tax Credit’ have not paid one red cent in income tax. But they are instead getting money back from the government that they did not earn. But that others did.

For the 2011 tax year, the most recent full year available, more than 27 million tax returns claimed nearly $62 billion in earned income tax credits. That’s up from 19.4 million returns for $30.4 billion in credits in 1997…

What a success story. And never mind the incredible about of abuse and fraud involved. The AP and their bosses in the Obama administration hope to redistribute even more income.

"EITC is one of the largest anti-poverty programs," the IRS said.

And by "anti-program" they mean ‘income redistribution program.’

To qualify, you… need a valid Social Security number…

Which is why so many illegal aliens are able to collect billions from it.

[A]s many as 25 percent of taxpayers who might qualify don’t file for the credit, according to Du Val. The IRS puts the number at 20 percent…

And we can’t have that!

Military personnel might qualify, as well as taxpayers who lost their job mid-year and went on unemployment. Another example… is someone who is now receiving disability payments and is younger than retirement age. That can be construed to be earned income…

So both unemployment and ‘disability’ payments are now considered to be ‘earned income’?

The IRS has worked to build awareness of the Earned Income Tax Credit. It has held special EITC awareness days and worked with employers and others. The agency has posted a YouTube video touting the benefits of the credit. "…You earned it, now file to claim it and get it."

Except you didn’t earn it.

Because it is a refundable credit, EITC also is prone to fraud. In a report released in October, the Treasury Inspector General for Tax Administration estimated that $110.8 billion to $132.6 billion in earned income tax credits was paid out erroneously over the past decade. It said the IRS has made little progress in reducing fraud in the program..

Are you kidding? Obama’s IRS clearly wants to increase the fraud. They want to make such fraud ‘too big to jail.’

This article was posted by Steve on Wednesday, January 22nd, 2014. Comments are currently closed.

2 Responses to “AP Pushes Signing Up For Earned Income Credit”

  1. Petronius says:

    Some suggested mottoes for the Age of Obama :

    “If you like your Earned Income Tax Credit, you can keep it. Period.”

    “You didn’t earn that Earned Income Tax Credit. Somebody else made that happen.”

    “The Earned Income Tax Credit is a spontaneous reaction to a hateful and offensive video.”

  2. GetBackJack says:

    I kept everything I earned until Congress voted my income was available to be pilfered by them ..

« Front Page | To Top
« | »