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The underpayments are mostly related to Geithner's time at the International Monetary Fund. All U.S. citizens who work for the I.M.F. are required to file self-employment payroll taxes, since the I.M.F., as an international organization, does not withhold these taxes for Social Security and Medicare. After a 2006 IRS audit found that the payroll taxes were missing on his 2003 and 2004 returns, Geithner paid additional taxes and interest of $16,732 (the IRS declined to impose any penalties). Geithner then voluntarily amended his tax returns for 2001 and 2002 for an additional $25,970, but only after the Obama transition team discovered the same lapse in his payroll taxes (check out Geithner's tax records to learn more).

It would change America if taxpayers had to write a CHECK once a year for Social Security and Medicare. With holding these taxes in weekly installments hides their true cost.

All U.S. citizens who work for the I.M.F. are required to file self-employment payroll taxes, since the I.M.F., as an international organization, does not withhold these taxes for Social Security and Medicare

I'm self employed and expected to make my quarterly payments on schedule. As a matter of fact, I've not missed in 30 years.

There is no excuse for this stuff from people that claim to be our betters and claim the right to confiscate the fruits of our labors.

Note that even after his audit, he didn't bother to pay for 01 & 02 until AFTER the transition team found he was cheating then also. Uh, yes folks, when you and I do it, it is referred to as cheating, or more often by the libs as, NOT PAYING OUR FAIR SHARE.