Friday, April 15, 2011

And if THEY say it's complicated.....

      Turns out some of the money that was supposed to go to first-time homeowners as an economic stimulus ended up going to prison inmates, people under 18 years of age, and folks who weren't even first-time buyers...forty-seven thousand people in all.

      The total misused was in the range of  $513-Million



      USA Today has the story  which includes this line:



The IRS said it worked hard to enforce a complicated tax credit that provided more than $27 billion to almost 3.9 million taxpayers.
....and if there's anyone who knows complicated tax wording.......







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