I could rant about Obama all day......but this is a great place to start.
Obama will be appointing Timothy F. Geithner as the next United States Secretary of the Treasury. Basically, Geithner would be the head of the IRS.
So isn't it interesting that Geithner himself had refused to pay taxes since 2001? Here is a very informative read from his Wikipedia page:
Tax problems
At the Senate confirmation hearings, it was revealed through documentary evidence that Geithner had not paid $35,000 self-employment taxes for several years,[20] even though he had acknowledged his obligation to do so, and had filed a request for, and received, a payment for half the taxes owed. The failure to pay self-employment taxes was noted during a 2006 audit by the Internal Revenue Service, in which Geithner was assessed additional taxes of $14,847 for the 2003 and 2004 tax years. Geithner failed to pay, or to admit his failure to pay, the self-employment taxes for the 2001 and 2002 tax years until after President-elect Obama expressed his intent to nominate Geithner to be Secretary of Treasury.[21] He also deducted the cost of his children's sleep-away camp as a dependent care expense, when only day camp is eligible for the deduction.[22] Geithner subsequently paid the IRS the additional taxes owed,[23] but was not charged a penalty for late-payment.[citation needed] In addition, his housekeeper's work authorization lapsed during the last three months she worked for him.[24]
Geithner's employer at the time, the International Monetary Fund, gives its American employees the employer's half of the payroll taxes, expecting that the employees will deposit the money with the Internal Revenue Service.[25] A report from the Senate Finance Committee documented Geithner's errors.[26] While working for IMF, Geithner signed a tax worksheet stating his "obligation of the U.S. Social Security tax, which I will pay on my fund income"[26] and another annual worksheet stating "I wish to apply for tax allowance of U.S. federal and state income taxes and the difference between the 'self-employed' and 'employed' obligation of the U.S. Social Security tax which I will pay on my Fund income."[27]
In a statement to the Senate panel considering his nomination, Geithner called the tax issues "careless", "avoidable", and "unintentional" errors, and he said he wanted to "apologize to the committee for putting you in the position of having to spend so much time on these issues."[23] Geithner testified that he used TurboTax to prepare his own return and that the tax errors are his own responsibility.[28] The Washington Post quoted a tax expert who said that TurboTax has not been programmed to handle self-employment taxes when the user identifies himself as being employed.[29] Geithner said at the hearing that he was always under the impression that he was an employee, not a self-employed contractor,[29] while he served as director of the Policy Development and Review Department of IMF.[6]
A bit like putting Dracula in charge of the blood bank, wouldn't you say? Actually, many of Obama's cabinet choices so far have scandal or near-scandal attached to them. Geithner is just the tip of the iceberg.
Here is another good article about Geithner by Glenn Beck.
Thursday, January 22, 2009
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Only cool kids have ways to avoid taxes. If everyone knew how to do it, there would be no suckers left for the government to prey on. Of course he had to pay now because of his job promotion or else it would send a bad message to the rest of the people.
ReplyDeleteSo either he is an idiot(probably not), totally forgot(possible but unlikely), or is actually half smart(no one in government deserves the title of smart) and wanted to make more money and pay less taxes like the rest of us.
Taxes are very dark places and there are lots of corners you can cut that is totally legal and some less legal but difficult to prove, and of course not readily available to most of the public.
Its possible that having someone understanding both sides of taxes, money, money management etc. could be a benefit. I dont think you would want a total crook, but you would have to understand a crooks mentality.
So i say this. If Dracula was in charge of the blood bank. Would he drink it dry?, or would he collectively build it larger so there would be more blood to drink then was ever in it before?
JUST GIVING THE INGREDIENTS, YOU MAKE THE CAKE.
Well said, well said.
ReplyDeleteObama also announced today that he is shutting down Guantanamo Bay.....perhaps setting some old acquaintances free? (ominous music)
On that note, want to be a guest columnist on my blog?
Perhaps?*eat your garlic,widdle your stake, and stock up on holy water(or just some guns and ammo)*
ReplyDeleteYa sure. i probably could throw some random thoughts out there.