We'll be filling out our tax returns next year on a postcard — not.
A key tax credit for working people is being singled out for "fraud."
But it wouldn't do much for you.
Since the dawn of modern American political history, conservatives have railed against the left for supporting social welfare. America's welfare programs, so the story goes, create cultures of dependency that weigh down the economy. Who caused this tremendous burden on the U.S. taxpayer?
Another year, another tax season, more unjust taxes on the small business community. Despite stepping out of the unemployment line and into a new, job creating small business on Main Street, small business owners could be hit with another unfair tax this year when they file their returns.
Twice the Burden: Low-Wage Employers Cost Taxpayers Billions in Public Assistance and Lost Tax Revenue
On Tax Day, while working Americans contribute their part to keeping the country running, many companies that pay low-wages will exploit a loophole in the tax code that that allowed them to write off taxes on over $66 billion in executive compensation pay between 2007 and 2010.