Quantcast

‘Bogus and Unconscionably High Fees’: How Tax Preparers Are Preying on Low-Income People | The Nation

  •  
Melissa Harris-Perry

Melissa Harris-Perry

 Race, gender, politics, religion and our struggles.

‘Bogus and Unconscionably High Fees’: How Tax Preparers Are Preying on Low-Income People

The estimated $300 billion in anticipated tax refunds this year is irresistible to predatory preparers targeting the poor. Stephen Black, director of the Center for Ethics and Social Responsibility at the University of Alabama, appeared on MSNBC’s Melissa Harris-Perry to discuss this “wild west” of an industry that leeches money from impoverished communities. Families expecting the earned income tax credit, in need of help with tax preparation but without access to the certified CPAs that do taxes for the wealthy, turn instead to shady pop-up operations that sprout during tax season. “The average single mother working at Walmart making $19,000 a year, raising two kids, goes into one of these places,” says Black, “and will come out $300” poorer.
—Corinne Grinapol

Before commenting, please read our Community Guidelines.