SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (47611)3/19/2009 10:27:04 AM
From: Joe S Pack  Read Replies (1) | Respond to of 217847
 
Here is your another Tax payer based rip off. It has been going on for years. Since O man wants to squander some more in Afgha by sending more boys (and thugs), he needs to get money somewhere...

IRS, USDA crack down on wealthy subsidy recipients
By MARY CLARE JALONICK, Associated Press Writer Mary Clare Jalonick, Associated Press Writer Thu Mar 19, 5:06 am ET

WASHINGTON – The Internal Revenue Service and the Agriculture Department are cracking down on millionaires who receive farm subsidies by mistake.

A report released last year shows that a sports team owner, a financial firm executive and 2,700 other millionaires were receiving farm payments even though they probably were ineligible. The Agriculture Department said they did not have access to IRS information that could have disqualified them.

Agriculture Secretary Tom Vilsack is expected to announce Thursday that his department will now work with the IRS to verify the incomes of subsidy recipients.

The new rules are part of an administration effort to improve coordination between agencies and trim waste from departmental budgets.