4.2 billon and growing for illegals, yet defaulted students get nothing.
You see, you and I may (or may not) have a Social security number. This number can be used as a TIN, or Taxpayer Identification number. It is not a TIN, but can be used in place of a TIN for filing a Federal 1040 tax return purposes. A TIN is a different kind of number, that can be used for Trusts, and other such business functions, but cannot be used to collect social security benefits.
Well, the IRS has stated that if you earn money in the USA you have to file a 1040 form. I won't go into the fact that the statement is somewhat of a lie, or misrepresentation of the actual tax laws, but instead will take it at face value.
So the IRS came up with a way for illegals to be able to use the 1040 form which requires either a TIN or SSN. They call this new number, a ITIN, or Individual Taxpayer Identification Number, and it is only available to illegals in the USA.
Now the Illegals are using a tax loop hole to claim thousands of dollars in refunds that they have no right to claim, and the IRS knows they are doing it, and is doing nothing to stop it.
See the video at this link: www.wthr.com/video?clipId=7054149&topVideoCatNo=103348&autoStart=true
The loop hole is "the additional child" tax credit. The Illegals are claiming children as dependents that are not even in the US, but who are in fact, still living in Mexico. Average refund is 13,000 dollars.
Last year, it cost us 4.2 billion dollars - enough to pay off most, if not all, of the student loans that are in default, from 1970 to 1999. And it has been going on for at least 4 years now.
These idiots at the IRS will hound you and I for 5 cents, but when THEY violate the law, its ok that they are wasting BILLIONS of our dollars. Dollars they took from you and I's paycheck before we even got our part of it.
This just angers me to no end. We cannot get help for ourselves, but our own government agency will help illegals steal from us.