Report finds widespread fraud in taxpayer ID program Read more: http://www.foxnews.com/politics/2012/08/08/treasury-inspector-general-says-changes-are-needed-to-detect-fraud/#ixzz232TwXlTM
:idea: I was watching Squawk Box earlier in the week... http://www.cnbc.com/id/15838368 ...and Joe Kernan made a point about taxes and who pays them. According to Kernan, the top 20% pays 94% of all the taxes collected by the federal government. The next 20% pays almost nothing and the bottom 60% actually receives money from the feds......paying less than nothing.
Always made too much to get the medical deductions after the 7.5% expenditure of income so no loss of deduction there. Not lucky enough to have a Cadillac healthcare plan and my wife's jobs since moving to Florida have been too unstable to go full bore with a cafe plan so where does it get me? FYI...the link did not provide the article to read so what am I missing? My tax bracket under Bush was always the one where you get absolutely slaughtered: No stimulus money No child tax credits No credits of any kind for that matter limited deductibles based on higher earnings and last but definitely not least.........that dad blasted AMT!! :evil:
Actually, they've been too busy going over Romney's past returns to bother with such trivial things as tens of millions defrauded from them.
:idea: My link didn't contain an article, because I wasn't quoting an article. It's a TV show that's on every morning on CNBC, that leads up to the opening bell of the New York Stock Exchange. Kernan said this on the air. It was a brief statement and I quoted him, because I had heard this stat from several other sources before... re: Obamacare Remember, there are 21 new taxes in this law and they all go into effect on January 1. It's not just what you pay for medical care; it's all those new taxes on top of what you will be forced to pay for Obamacare...