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This is an absolute crock. He knew he owed the taxes. ANY accountant knew he owed the taxes. A first year business student would know he owed the taxes. This is not brain surgery.

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. This PROVES this guy isn’t as brilliant as all the yahoos in DC say he is,and I for one don’t want an idiot in charge of the IRS. They have plenty there already.

Typical slimy democrat. Don’t pay up until caught, or you’ve received a white house nomination. If he was a republican, the IRS would be selling his house right now.

>>>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.”

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!