www.washingtonpost.com/blogs/federal-eye/wp/2013/04/24/irs-issued-billions-in-improper-refunds-report-says/htthttp://cnsnews.com/blog/joe-schoffstall/cost-food-stamp-fraud-more-doubles-three-yearsp://
The above links refer you to two very short articles. The first article, from the Washington Post, points out that the IRS sent out an estimated $11.6 billion fraudulent EIC payments in 2012 alone (2011 tax year). The $11.6 billion is 21% of the EIC payments paid out in 2012. A quick calculation shows that total EIC disbursements totaled approximately $55.2 billion in 2012; so some $43.6 billion can be presumed to be legitimate.
The second article states that food stamp fraud (SNAP) has doubled within a few years and is now some $750 million or roughly 1% of the $75 billion annual SNAP program. Much better than the IRS debacle, but nonetheless a troubling trend.
If you've stayed with me so far, you'll want to read
this article (a bit longer) that goes into detail about the drive to find people who qualify for food stamps. It's quite an eye opener. The latter part of the article follows a particular elderly subject who is wrestling whether or not to apply for food stamps. It's quite touching. You'll want to read it. But I want to take some excerpts from the first part of the article and comment on that.
The above links refer you to two very short articles. The first article, from the Washington Post, points out that the IRS sent out an estimated $11.6 billion fraudulent EIC payments in 2012 alone (2011 tax year). The $11.6 billion is 21% of the EIC payments paid out in 2012. A quick calculation shows that total EIC disbursements totaled approximately $55.2 billion in 2012; so some $43.6 billion can be presumed to be legitimate.
The second article states that food stamp fraud (SNAP) has doubled within a few years and is now some $750 million or roughly 1% of the $75 billion annual SNAP program. Much better than the IRS debacle, but nonetheless a troubling trend.
If you've stayed with me so far, you'll want to read
this article (a bit longer) that goes into detail about the drive to find people who qualify for food stamps. It's quite an eye opener. The latter part of the article follows a particular elderly subject who is wrestling whether or not to apply for food stamps. It's quite touching. You'll want to read it. But I want to take some excerpts from the first part of the article and comment on that.
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