castle (2)

Did you know that by writing 5 numbers on a tax return the Internal Revenue Service will pay you $6,600 for doing nothing?  According to the Treasury Inspector General's Office the IRS is defrauded between $14 and $16 billion each tax season.  Nearly 30 million tax filers (not taxpayers) share in a $60 billion dollar pie called Earned Income Credit.  Basically, if you earn between $3,000 and $45,000 and have a dependent child, you qualify for a tax credit between $300 and $7,500. 

 

Here is How the IRS is Defrauded $6,600!

Jane Doe writes on her 1040 Schedule C that she earned $13,720 income from an imaginary cleaning business.  Since Jane doesn't have a business, she doesn’t need to purchase any brooms, dust pans, cleaning supplies or mops.  For Jane’s efforts, she will qualify for federal tax credits of $6,600. Before the US Treasury deposits a tax refund of $4,900 into her bank account, they make a deposit into Jane Doe’s social security retirement account for $1,700.  From start to finish, Jane can complete her phantom tax return using phantom income in 15 minutes

 

I contacted the FBI and informed them that tax preparation companies would defraud the US Treasury of $3.7 billion during the 2013 tax season.   Unscrupulous tax preparers don't hesitate to file bogus EIC tax returns defrauding the IRS of $6,600 because they slice a $200 prep fee before the money ever reaches the hands of the tax fraud.   

 

I issued a press release entitled "Tax Technology Would Save IRS $3.7 Billion in Next 60 Days".   The article had 881 readers.  This included nearly 75 from the counties of France and Germany.  Why would those countries be so interested in learning about tax fraud technology in the United States?

 

$5,000 Cash Refund or 10 IED’s

The IRS should consider offering EIC tax frauds the choice of receiving $5,000 cash or 10 IED's.   Terrorists shouldn't have to be burdened with going to the bank and then having to negotiate the purchase of improvised explosive devices. 

 

I estimate terrorists obtained 40,000 fraudulent 2012 EIC tax refunds that paid them $200 million this past March.  According to Wikipedia the avg. cost of an IED is $500.  As a result of the IRS ineptness at preventing tax fraud, the US Treasury may have just funded 400,000 IED's.   Why should American troops potentially suffer?

 

Last fall Randall Sorensen CPA provided the IRS a solution to prevent massive tax fraud.  The IRS kicked the tires for a month only to come back and say: 1) they didn’t have any money and 2) the idea of testing tax returns in real-time lacked innovation.  Really…..   I guess Pony Express trumps Federal Express in the eyes of the IRS.  In contrast, the cash strapped IRS managed to pay $500 million to software developer Strong Castle.  The company was “friends” with an influential IRS employee.  That is pure fraud.

 

The IRS doesn’t want American taxpayers to know what a complete sieve they are at preventing tax fraud.  Over the course of 20 years, one unscrupulous taxpayer can defraud the US Treasury as much as $300,000 and never have to pay a dime or work a day in their life.  One final rub, the tax fraud qualifies for a retirement because the IRS withheld Social Security taxes from their phantom job.  Speaking of retirement, I believe it’s time to permanently retire the IRS unless they can demonstrate the ability to prevent massive tax fraud that jeopardizes the safety of our troops.

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“. . . two things work in O’Donnell’s favor: 1) Sarah Palin is backing her and 2) Sarah Palin is backing her because the Republican Senator Mike Castle is one of the most liberal Republicans in the nation. Castle actually supported Cap and Trade. The biggest thing against O’Donnell among practical considerations? Money, support and expertise are lacking, not to mention integrity.” Rajjpuut

Delaware Suggests TEA Party Express

is Harry Reid’s Creation

Loyal readers know that Rajjpuut is a Libertarian and has advised often and mightily against the TEA Party running their own candidates unless absolutely necessary. (As it was in upper state New York when the Republican Party last November gave a $1 Million campaign war chest to a woman running for the G.O.P. who was well to the left of the left-leaning Democratic candidate in a very conservative district. The TEA Party backed Conservative Party candidate chased her out of the race with only 5% support in the polls and came within an eyelash of victory.) If it’s necessary to run a TEA Party candidate, run an out and out third-party Conservative candidate of the highest level of integrity.

Several times now, the TEA Party Express has been behind very poor candidates and helped propel them to primary wins and Republican nominations. In effect these TEA Party Express candidates are giving aid and comfort to the progressive-Democrats on the ballot by creating an easily knocked off “straw-man” to campaign against. Such a candidate is Ken Buck in Rajjpuut’s Colorado. It is Rajjpuut’s firm conviction that the TEA Party Express is NOT a real TEA Party group it is a Harry Reid creation designed to get the poorest candidate to run against him in Nevada so Harry, the most hated man in America besides Barack Obama, would have an easy victory.

It’s happening again in Delaware in the fight for Joe Biden’s old senate seat. The TEA Party Express has supported the candidacy of one Christine O’Donnell. Like all TEA Party Express “candidates” she is virtually unelectable. Ms. O’Donnell has reportedly lied for 21 years about having a college degree which she was only just awarded this year. Ms. O’Donnell has a questionable tax and earnings situation. Ms. O’Donnell lied and said she took two of Delaware’s three counties in the most recent race against Biden . . . she actually won zero. Ms. O’Donnell has been violating campaign finance laws over the last six months.

The situation is not cut and dried, however; two things work in O’Donnell’s favor: 1) Sarah Palin is backing her and 2) Sarah Palin is backing her because the Republican Senator Mike Castle is one of the most liberal Republicans in the nation. Castle actually supports Cap and Trade. The biggest thing against O’Donnell among practical considerations? Money, support and expertise are lacking. Just as Sharon Angle (who was nominated by the TEA Party Express over two far better conservative candidates to unseat Harry Reid; then was left high and dry by the TEA Party Express once she’d won and only saved by DickMorris.com’s incredible work in her behalf nationally) found out, the question is obvious, if an outside party wins a Republican primary and the Republican nomination, why in hell should the Republican Party support her financially? Indeed, since she’s such a poor candidate should anyone in their right mind support her?

Let’s look the situation over logically: it looks like a three-way LOSE-LOSE-LOSE situation for Conservatives in Delaware and around the country unless things change dramatically (more on that later). A) the Democrat’s candidate benefits by running against a presumably unelectable O’Donnell and wins B) O’Donnell somehow gets elected but because she has no apparent integrity or ability to practically manage her own life, the state gets a loser for a senator C1) Castle wins the primary against O’Donnell but his war chest is depleted and the in-fighting weakens him as a candidate and helps the Democrat win or C2) Castle wins and wins again and Delaware gets a fiscal RINO** and a Constitutional RINO again in the senate.

How much better for all involved if a real TEA Party candidate and an electable one was running, no? Only one thing can save the situation for Castle and presumably Delaware. He needs to sign the TEA Party Contract from America. He needs to admit his past stupidity. He needs to understand with all his soul . . . .

http://www.econlib.org/library/Essays/rdPncl1.html and

http://fee.org/library/books/economics-in-one-lesson/#0.1_L2 and

http://fee.org/library/books/economics-in-one-lesson/#0.1_L3

And pledge to the people of Delaware and to the Republican Party that he will embody the spirit of these three websites and of the Contract from America. Short of this rebirth, nothing good is liable to come out of Delaware

Ya’all live long, strong and ornery,

Rajjpuut

** Unfortunately, the concept of RINO (Republican in name only) has deeply hurt the G.O.P. coming and going. On the one hand you have people like the two Maine senators or Mr. Castle in Delaware or the upstate New Yorker mentioned earlier who just use Republican money to get elected and then prove themselves absolutely progressive/liberal on taxes, spending and the Constitution. On the other hand and even more dangerous, too many undesirable candidates like Ken Buck and Sharon Angle survive the primary process because of their “fidelity” to the old litmus tests and then prove UNelectable and cede the field to the progressives directly. One great thing, however, virtually any candidate who keeps his/her big trap shut and only opens it to speak about the Contract from America should prevail, even perhaps Ken Buck, Sharon Angle, and Christine O’Donnell. The trouble is this kind of “non-RINO” tends to give Conservatives a bad name because they’re stupid enough to be against (just to name one thing) abortion even in case of incest or rape or if the mother’s life is in danger. American women won’t stand for this kind of authoritarian stand on what they can do and endure with their own bodies. That Republican stance makes abortion on demand all but inevitable.

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