Sunday, April 17, 2011

Stuff you can't make up

Via Tax Prof Blog, IRS allowed  more than $500 million in refunds to taxpayers who improperly claimed the $8,000 home buyer credit. Among them were 128 IRS employees!

Let's make the tax code even more  complicated, shall we?  There is a legitimate question whether the tax law in the U.S. already is unconstitutionally vague.

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