In a recently released government report, it appears that 1300 prison inmates recieved mor that $9 million from the Federal Home Buyer’s Tax Credit…. 241 of them are serving life in prison!
According to CNBC:
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
I guess the good news is that they found out about the discrepancies. But I wish them luck trying to get that money back.
Another good idea mucked up by government bureaucrats.