Tim Geithner: Treasury Secretary

Uncle Bill's picture

I know we're all politic'd out after the media pounding that was 2008, but this is too rich to ignore.

The same people that want everyone to have the same healthcare (trust us!) are about to appoint a head of the IRS who feels he's somehow above paying taxes. And furthermore believes that the press will convince us all that it was just an oversight.

God bless Obama, seriously. i hope the country does well with him as President--but I hope that not one of his policies sees the light of day for reasons exactly like this.

http://article.nationalreview.com/?q=YzJjOGQyODY2ZjhhMWY4Y2U3YmVkMjhlMWQ...

Documents released by the Senate Finance Committee strongly suggest that Geithner knew, or should have known, what he was doing when he did not pay self-employment taxes in 2001, 2002, 2003, and 2004. After his failure to pay was discovered, first by the IRS and later during the vetting process, Geithner paid the federal government a total of $42,702 in taxes and interest.

The IMF did not withhold state and federal income taxes or self-employment taxes — Social Security and Medicare — from its employees’ paychecks. But the IMF took great care to explain to those employees, in detail and frequently, what their tax responsibilities were. First, each employee was given the IMF Employee Tax Manual. Then, employees were given quarterly wage statements for the specific purpose of calculating taxes. Then, they were given year-end wage statements. And then, each IMF employee was required to file what was known as an Annual Tax Allowance Request. Geithner received all those documents.

http://online.wsj.com/article/SB123198429552584175.html

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