The Waste List > Total Value of Government Waste: $57,322,568,479
$11 Billion In IRS Faulty Refunds  - $11,000,000,000

The Internal Revenue Service paid out $11 billion in faulty refunds through its Earned Income Tax Credit in 2012.


Source: Josh Hicks, "IRS paid billions of dollars in improper refunds, report says," Washington Post, 4/24/13