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Choice for Treasury secretary admits he failed to pay taxes
KC Star ^ | 1/14/09 | BRETT J. BLACKLEDGE AP

Posted on 01/14/2009 5:38:00 AM PST by spintreebob

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To: Reaganesque
Here, I found the bit:

You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?" First.. get a million dollars. Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?" Two simple words. Two simple words in the English language: "I forgot!" How many times do we let ourselves get into terrible situations because we don't say "I forgot"? Let's say you're on trial for armed robbery. You say to the judge, "I forgot armed robbery was illegal." Let's suppose he says back to you, "You have committed a foul crime. you have stolen hundreds and thousands of dollars from people at random, and you say, 'I forgot'?" Two simple words: Excuuuuuse me!!"

From here: http://snltranscripts.jt.org/77/77imono.phtml

61 posted on 01/14/2009 6:44:53 AM PST by savedbygrace (SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
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To: spintreebob

The lovely Democratic culture of corruption.


62 posted on 01/14/2009 6:47:35 AM PST by mike-zed
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To: Neverforget01
Senate Majority Leader Harry Reid, a Nevada Democrat, dismissed the events as “a few little hiccups”

"He who hiccups over little things will hiccup over bigger things"!

63 posted on 01/14/2009 6:47:50 AM PST by pollywog (I will lift mine eyes to the hills from whence cometh my help. My help comes from the Lord...Ps 121)
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To: spintreebob

It used to be that having an illegal alien housekeeper was enought to kill an appointment.

Now, not only can a Democrat have an illegal alien housekeeper, he doesn’t have to pay his income taxes and he will still be appointed.


64 posted on 01/14/2009 6:49:33 AM PST by School of Rational Thought (CPA, MBA needs a job - referrals welcome)
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To: MinuteGal
AND... this is the guy who will oversee the distribution of the slush fund...bail-out...er..."rescue package"...

WHAT A JOKE!

65 posted on 01/14/2009 6:51:46 AM PST by kinsman redeemer (The real enemy seeks to devour what is good.)
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To: spintreebob

DISGUSTING. So he should be in charge of OUR tax money?


66 posted on 01/14/2009 6:52:43 AM PST by Cinnamon Girl (G-d Bless President Bush. He kept us safe.)
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To: graywaiter

>>>His first clue that his employer didn’t pay HIS self-employment taxes was the W-2 he DIDN’T get from his supposed employer! He got a 1099 for an independent contractor.

He actually received a W-2. This doesn’t excuse his actions, but it does appear to happen often enough that the Bush IRS made a special ruling for people in his situation.

“For tax purposes, while IMF employees receive W-2’s as employees, they are treated as if they were self-employed. This unusual payroll system commonly creates confusion among U.S. employees of the international organizations like the IMF , who typically are accustomed to having employers withhold federal and state taxes. This problem has been so common that in November 2006 (as supplemented in 2007) the IRS made a taxpayer favorable settlement offer to all U.S. employees of Embassies and International Organizations in order to bring the employees into compliance with their U.S. tax obligations.”


67 posted on 01/14/2009 6:53:11 AM PST by NC28203
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To: savedbygrace

lol-


68 posted on 01/14/2009 6:55:49 AM PST by kinsman redeemer (The real enemy seeks to devour what is good.)
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To: jennyjenny

Get your barf bag ready. Have you read Harry Reid’s response to this news?


69 posted on 01/14/2009 7:00:15 AM PST by Bloody Sam Roberts (Peace means one guy has a bigger stick than the other guy. Period.)
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To: jennyjenny

If Linda Chavez had to resign because she hired a worker who didn’t pay taxes, then this guy had better be persona non gratas YESTERDAY.

Good news though? Are our guys digging up this stuff on the Obama’s team? Not enough to make me donate to the Republican party again but promising developments?


70 posted on 01/14/2009 7:00:36 AM PST by madameguinot (Our Father's God to Thee, Author of Liberty)
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To: madameguinot
Good news though? Are our guys digging up this stuff on the Obama’s team

No such luck.From the article:

The underpayments, according to people familiar with them, involve Geithner’s income when he was a senior official at the International Monetary Fund and were discovered by Obama’s transition team while investigating Geithner’s background. Obama’s staff told senators about the tax issues Dec. 5.

They've known this for over a month.

71 posted on 01/14/2009 7:08:55 AM PST by Neverforget01
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To: spintreebob

The secretary of the treasury should be someone who has held a cabinet position and has held an elective office. Obama should have chosen William Cohen, Bruce Babbit, or Richard Riley.

I agree that Rosanna should mention this issue, along with the fact that the district has been the home of corrupt, liberal Democrats Rod Blagojevich and Dan Rostenkowski.


72 posted on 01/14/2009 7:16:05 AM PST by PhilCollins
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To: techcor

It drives me mad that no one outside of a few conservatives don’t see the blatant hypocrisy of this. JTP got a rectal exam for having the “audacity” to ask The One a real question. The left declared him a bad American because he owed a few k$ in back taxes. Meanwhile, the guy whose going to have the power of a king with OUR money shows that he’s either a liar of completely incompetent. Yet you won’t hear anything but a yawn from the MSM (and most other people).


73 posted on 01/14/2009 7:29:06 AM PST by thecabal (We care a lot)
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To: RandallFlagg

Prison time for a $34k underpayment resulting from an extremely common error?

Surely you jest.


74 posted on 01/14/2009 7:34:00 AM PST by green iguana
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To: spintreebob
“These errors were not intentional; they were honest mistakes,” Baucus said after he and other committee members met Tuesday with Geithner behind closed doors.

This is the first case I have seen where a guy who works for the government (not a particularly high paying job) makes an "honest" mistake of failing to pay taxes that are the functional equivalent of the entire income tax burden of a guy making about $80,000 a year over a period of 4 years.

Honest mistake?

Tell that to the jury.

Oh wait, "I forgot" he's a democrat. That's an "honest mistake". There won't even be an indictment.

With all the crooks in Congress, I'm guessing his nomination will be approved unanimously.

75 posted on 01/14/2009 7:35:09 AM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: NC28203
O.k., but the fact remains that he was notified after his 2006 audit that he owed the taxes. Had you or I owed them, like Joe the Plumber, we would have had a tax lien slapped on us within 6 months, if not property seized. The double standard here is ridiculous, and he doesn't even have a cool excuse! I forgot?? Sounds like my 13 yr old son when I ask him if he did his homework. And they wonder why Congress’ approval rating is in single digits.

I sent an e-mail to the void senator we have here in Virginia, Jim Webb, to vote against his nomination to “show me some CHANGE Jim”. Our newest senator, Mark Warner, doesn't have contact info up on his page yet, or I would have sent one to him too. Please everybody, tell your reps to “show us some change!!”. Use their own words against them; it drives them crazy.

76 posted on 01/14/2009 7:35:12 AM PST by graywaiter
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To: spintreebob

Forgot for four years???!??

That’s a LOT or forgrttin, man!


77 posted on 01/14/2009 7:36:35 AM PST by timestax ( CNNLIES)
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To: spintreebob

Hey, we don’t have to follow laws anymore. That’s just old fashioned, the new thing is to ignore taxes, ignore the people, do what you want, and get rewarded for it by a bunch of ignorant voters.


78 posted on 01/14/2009 7:36:54 AM PST by McGavin999
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To: PhilCollins
The secretary of the treasury should be someone who has held a cabinet position and has held an elective office.

Wrong.

The Secretary of the Treasury should be someone who has worked a real job and had to pay taxes and feed his family without relying on government hand outs or income from taxpayers.

Joe the Plumber should be secretary of the treasury.

79 posted on 01/14/2009 7:38:10 AM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: graywaiter
He knew he owed the taxes.

Yes, he did. From the WSJ, Geithner's Tax History Muddles Confirmation

In, 2006, he was audited by the IRS for fiscal years 2003 and 2004. He owed taxes and interest totalling $17,230. The IRS waived the related penalties.

The Obama transition team found he didn't pay these SAME taxes from 2001 and 2002. So Geithner pays the taxes and interest due then, totalling $25,970.

Obama and Geithner both try to say it was a simple mistake, but Senate Finance Republicans produced the documentation that "employees are repeatedly told they are responsible for paying their payroll taxes".

So Geithner knew he had a problem in 2006, but didn't pay back taxes the IRS hadn't picked up on because he was probably relying on the IRS statute of tax limitations.

But wait, he had more problems with his taxes. He also claimed "his child's time at overnight camps in 2001, 2004 and 2005 to calculate dependent-care tax deductions. Sleepaway camps don't qualify."

"Amended tax returns that Mr. Geithner filed recently include $4,334 in additional taxes, and $1,232 in interest for infractions, such as an early-withdrawal penalty from a retirement plan, an improper small-business deduction, a charitable-contribution deduction for ineligible items, and the expensing of utility costs that went for personal use."

And then there's that little problem about hiring an immigrant whose work-authorization papers had expired.

He should be thrown under the bus, post-haste!
80 posted on 01/14/2009 7:47:36 AM PST by Girlene
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