Thread: AMNESTY BENEFICIARIES COULD CLAIM MORE THAN $35K IN TAX BENEFITS IN FIRST YEAR

AMNESTY BENEFICIARIES COULD CLAIM MORE THAN $35K IN TAX BENEFITS IN FIRST YEAR

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AP Photo

by CAROLINE MAY
25 Feb 2015

Illegal immigrants who are able to obtain Social Security Numbers and work permits as a result of President Obama’s executive amnesty could claim tens of thousands of dollars in back tax benefits, a new Congressional Research Service memo obtained first by Breitbart News reveals.

The report comes following the Internal Revenue Service’s confirmation that once illegal immigrants are granted Social Security Numbers — as a result of Obama’s executive actions — they will be able to file back tax returns and obtain up to four years of tax benefits, including the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

The new CRS report — dated Wednesday and requested to gauge the tax benefits an amnesty beneficiary could potentially accrue — looks at the amount of EITC and CTC for a hypothetical family from from 2011-2014.

“Specifically, you were interested in the value of these credits for a married couple with three and four children,” the memo details. “In addition, you requested that for every year, the family’s income be equal to the maximum amount of earnings a taxpayer could have and still receive the maximum amount of the EITC. This income level is often referred to as the ‘phase-out threshold amount’ and is adjusted annually for inflation.”

CRS calculated the maximum level of tax credits available to hypothetical families with three and four children. It found that for a family with three children in the four years from 2011-2014 “phase-out threshold amount” would be able to obtain $35,521 in the EITC and CTC.

A family of four in that same four year time frame and circumstance could obtain $35,560.

In those years considered, the “phase-out threshold amount” for both hypothetical families was $21,770 in 2011, $22,300 in 2012, $22,870 in 2013, and $23,260 in 2014.

Both hypothetical families were also able to amass around $9,000 worth of the EITC and CTC annually in the years CRS considered.

The report comes as lawmakers have expressed distress that amnestied illegal immigrants could be potentially rewarded for illegal work and as Congress debates a Department of Homeland Security funding bill that would block Obama’s executive amnesty.

Earlier this month Sens. Ron Johnson (R-WI) and Ben Sasse (R-NE) pressed the administration on the tax benefits amnestied illegal immigrants could accrue, calling the expected refunds “amnesty bonuses.”

“This is basic economics: if you want more of something, you subsidize it. By subsidizing illegal entry with four years’ worth of new tax credits, the IRS would promote lawlessness,” Sasse said in a statement at the time. “This program severely undermines the White House’s lip-service to enforcing the law and would increase the burden on law-abiding taxpayers.”
Read the whole thing:
http://media.breitbart.com/media/201...ax-amounts.pdf

http://www.breitbart.com/big-governm...in-first-year/

This is total and complete outrage. How any American or member of Congress could tolerate this, is beyond belief. Illegal aliens reporting illegal work using illegal wages to receive illegal tax credit refunds. MADNESS!

Originally Posted by Judy

This is total and complete outrage. How any American or member of Congress could tolerate this, is beyond belief. Illegal aliens reporting illegal work using illegal wages to receive illegal tax credit refunds. MADNESS!

he is no good

Originally Posted by Judy

This is total and complete outrage. How any American or member of Congress could tolerate this, is beyond belief. Illegal aliens reporting illegal work using illegal wages to receive illegal tax credit refunds. MADNESS!

JUDY.
HOW COME THE CONGRESS LET OBAMA GET AWAY WITH THIS DON'T THEY HAVE ANY BACK BONE .
CONGRESS HAS KIDS THAT GO TO SCHOOL . & COLLEGE RIGHT WELL WHAT HAPPEN WHEN THEY ARE THEY GOING TO GET A GOOD JOB LIKE OUR KID WANT I DON'T THINK SO ( CONGRESS JUST KICK THE USA IN THE ASS .) I SEE OBAMA DON'T LISTEN TO THE JUGDE AT EVERY ON YOU THAT IN THE WH . GET SOME BACK BONE I HAVE A COUSIN THAT LIVE IN FL IN TWO YEARS FL WILL BE SHOT DOWN WHY EVERY ONE WANT TO SALE IT FULL WITH ILLEGAL IMMIGRANTS . IT A MESS ONE HELL OF A MESS EVERY ONE IS MOVING OUT THANK YOU (OBAMA . )

You said it in a nutshell, southBronx, they don't have any back bone. Plus I think some of them are on the take with the cartels which is the only explanation for their actions and in-actions. Otherwise their positions make no sense at all and defy all human logic.

So, those republicans in the Senate are pro-illegal alien If two 'senators know this, McConnell knows it, if McConnell knows it his entire caucus should be informed! 35,000 multiplied by how many million, 5 and probably more. Send that tax bill to the republican party.