It’s been said that the definition of insanity is doing the same thing over and over and expecting a different result. For decades criminals and fraudsters have demonstrated just how easy it is to defraud the IRS. Illegal tax evasion now runs close to a trillion dollars a year. Identity thieves steal millions of dollars filing fake tax returns in other people’s names. Other criminals have hundreds of fraudulent refunds sent to the same address and no one catches on.
So, it should be no surprise to find that when the IRS was tasked with distributing coronavirus relief stimulus payments, that criminals stole millions of those dollars for themselves. In this edition of FAIRtax Power Radio, the FAIRtax Guys discuss an article detailing the level of fraud and abuse in the coronavirus relief program. It’s time to fix the problem once and for all. Get rid of the IRS by replacing the income tax with the FAIRtax.