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<blockquote data-quote="texan" data-source="post: 962856" data-attributes="member: 38206"><p><strong>Illegal Workers Used Tax Credit to Pocket $4.2 Billion, Audit Shows</strong></p><p><strong></strong></p><p><strong></strong><strong>Talk about a tax loophole. </strong></p><p><strong></strong></p><p><strong>Undocumented workers collected $4.2 billion in a certain tax credit last year, up from less than $1 billion five </strong></p><p><strong>years ago, according to a new audit. The report from the Treasury Inspector General for Tax Administration looked </strong></p><p><strong>only at a tax benefit known as the Additional Child Tax Credit, a refundable credit meant for working families. </strong></p><p><strong></strong></p><p><strong>The audit found that as a result of vague U.S. law -- as well as an expansion of the tax credit in stimulus legislation </strong></p><p> <strong>and other measures -- the number of illegal workers collecting the money has skyrocketed. </strong></p><p></p><p>Read more: <a href="http://www.foxnews.com/politics/2011/09/02/undocumented-workers-pocketed-42-billion-in-tax-credits-audit-shows/?intcmp=obinsite#ixzz1sL2dFoY4" target="_blank">Illegal Workers Used Tax Credit to Pocket $4.2 Billion, Audit Shows | Fox News</a></p></blockquote><p></p>
[QUOTE="texan, post: 962856, member: 38206"] [B]Illegal Workers Used Tax Credit to Pocket $4.2 Billion, Audit Shows [/B][B]Talk about a tax loophole. [/B] [B]Undocumented workers collected $4.2 billion in a certain tax credit last year, up from less than $1 billion five years ago, according to a new audit. The report from the Treasury Inspector General for Tax Administration looked only at a tax benefit known as the Additional Child Tax Credit, a refundable credit meant for working families. The audit found that as a result of vague U.S. law -- as well as an expansion of the tax credit in stimulus legislation and other measures -- the number of illegal workers collecting the money has skyrocketed. [/B] Read more: [URL="http://www.foxnews.com/politics/2011/09/02/undocumented-workers-pocketed-42-billion-in-tax-credits-audit-shows/?intcmp=obinsite#ixzz1sL2dFoY4"]Illegal Workers Used Tax Credit to Pocket $4.2 Billion, Audit Shows | Fox News[/URL] [/QUOTE]
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