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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » IRS Seizes Over $100,000 ... » Reply #19

Response to muriel_volestrangler (Reply #13)

Wed May 6, 2015, 10:13 AM

19. I remain you humble servant!

 

Full disclosure: I haven’t read the linked article. I come to DU each day to escape my vocation for a few minutes.

My “guess” is informed by an intimate knowledge of the organization, its personnel and the internal controls and procedures they use to administer their charge: to keep all taxpayers on a level playing field.

Given their consistently dwindling resources, the care and professionalism which the organization exhibits is generally extraordinary.

As to the Earned Income Credit, its concept is great (provide matching income for certain low-income taxpayers who are employed in sub-standard jobs). However, a social program being implemented through a taxing system is fraught with problems:

• During the entirety of my professional career, the EIC has been at the top of the IRS’s fraud concerns, sucking up the organizations resources and manpower.
• Shady tax preparers, furniture stores, used car lots, etc., preying on this once-a-year tax refunds is, quite frankly, disgusting.
• The credit has no asset limitation, wealthy taxpayers transitioning to retirement or experiencing a random bad year can often qualify.

I’ll leave it to academics to determine overall whether to program is worthwhile.

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Arrow 28 replies Author Time Post
azurnoir May 2015 OP
jtuck004 May 2015 #1
appal_jack May 2015 #4
Kelvin Mace May 2015 #6
jtuck004 May 2015 #7
Kelvin Mace May 2015 #8
greyl May 2015 #14
Kelvin Mace May 2015 #16
snooper2 May 2015 #20
A Simple Game May 2015 #10
jtuck004 May 2015 #12
Dr. Strange May 2015 #17
iscooterliberally May 2015 #2
jamzrockz May 2015 #21
iscooterliberally May 2015 #23
CanonRay May 2015 #3
LiberalArkie May 2015 #5
jmowreader May 2015 #9
HenryWallace May 2015 #11
muriel_volestrangler May 2015 #13
LineLineLineNew Reply I remain you humble servant!
HenryWallace May 2015 #19
Jesus Malverde May 2015 #26
billhicks76 May 2015 #15
HenryWallace May 2015 #18
billhicks76 May 2015 #24
HenryWallace May 2015 #25
Jesus Malverde May 2015 #27
cbdo2007 May 2015 #22
Jesus Malverde May 2015 #28
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