By Last month, the Treasury inspector general for tax administration, J. Russell George recently noted that at least 19,000 “first-time home buyers” hadn’t purchased a home when they claimed the federal credit, another 74,000 filers weren’t first time buyers, and at least 500 people were under the age of 18, including a 4-year old.
According to the Wall Street Journal: “Speaking of the IRS, apparently its own staff couldn’t help but notice this opportunity to snag an easy $8,000. One day after explaining to Congress how many ‘home-buyers’ were climbing aboard this gravy train, Mr. George appeared on Neil Cavuto’s program on the Fox Business Network. Mr. George said his staff has found at least 53 cases of IRS employees filing “illegal or inappropriate” claims for the credit. ‘In all honesty this is an interim report. I expect that the number would be much larger than that number,’ he said.”
Would it be too much to ask that accountability and transparency measures be put in place before giving out our tax money?
The cost of this program is running at about $1 billion a month and $15 billion for the year.
Your tax dollars at work.
