Please settle a disagreement between my wife and me. Is it accurate to say that taxes are collected at gunpoint?
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The Internal Revenue Service sent $4 billion to identity thieves filing fraudulent tax returns in 2012, at the same time it was devoting resources to invasive politically targeted audits of not-for-profit groups, according to a recent report released by Treasury Inspector General J. Russell George.
The IRS, which is now overseeing Obamacare’s complicated implementation and collecting its tax penalties, sent 343 tax refunds to a single address in Shanghai, and another 655 tax refunds one in Lithuania, according to CBS News.
A statement detailing a similar report filed by the Treasury Inspector General for Tax Administration found 1.1 million fraudulent tax returns were filed with clearly fabricated Social Security numbers that IRS could have detected, costing taxpayers $3.6 billion in 2011.
“Identity theft continues to be a serious problem with devastating consequences for taxpayers and an enormous impact on tax administration,” George said in the statement. “Undetected tax refund fraud results in significant unintended Federal outlays and erodes taxpayer confidence in the Federal tax system.”
George, a former White House staffer who has volunteered for both Democrats and Republicans, incurred the wrath the wrath of House Democrats during the IRS tea party targeting hearings in July. His audit revealed that the IRS subjected conservative groups to extra delays and unconstitutional scrutiny — including asking Christian groups to provide “both sides of the issues” and detail the content of their members’ prayers — while withhold approvals and slow-walking applications.
Read the full article at the Daily Caller.
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.
Four sources deeply involved in the Affordable Care Act tell NBC NEWS that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”
None of this should come as a shock to the Obama administration. The law states that policies in effect as of March 23, 2010 will be “grandfathered,” meaning consumers can keep those policies even though they don’t meet requirements of the new health care law. But the Department of Health and Human Services then wrote regulations that narrowed that provision, by saying that if any part of a policy was significantly changed since that date — the deductible, co-pay, or benefits, for example — the policy would not be grandfathered.
Buried in Obamacare regulations from July 2010 is an estimate that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will not be able to keep their policy. And because many policies will have been changed since the key date, “the percentage of individual market policies losing grandfather status in a given year exceeds the 40 to 67 percent range.”