Remember that New Home Buyer Federal Tax Credit?

Remember, a couple of years ago, when Congress allowed people to take a $7,500 tax credit if they bought a new home? Then the extended it and upped the deduction to $8,000.

And, remember when the current administration hired many new IRS agents, seemingly to “enforce” more tax paying compliance.

Well, look what happened.

62, 500 people FALSELY claiming the tax credit, or which some 100 were actual IRS agents!

Government, ain’t it wonderful :wink:

No surprise…

NEW YORK ( – More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday…

Mr. Decker,
I admire your expertise and knowledge, please tell me that you were not surprised.

I am not. There are very few things that the Federal government does well, or even passibly compitent. I just love it when they pass a law, but do not include any means of enforcement.

Go figure.

What a load of crap.