Choice for Treasury secretary admits he failed to pay taxes

KC Star ^ | 1/14/09 | BRETT J. BLACKLEDGE AP

[spintreebob]

Obama’s choice for Treasury secretary disclosed publicly Tuesday that he failed to pay tens of thousands of dollars in federal taxes from 2001 to 2004.

Senate Democrats tried to brush aside the last-minute complication as a minor bump on an otherwise smooth path to confirmation for Timothy Geithner, who has been president of the Federal Reserve Bank of New York.

After the underpayments were detected, Geithner paid back taxes and interest totaling $43,200.

[spintreebob]

KC Star chosen as it has at least one alleged fact closer to the truth. Most media mis-report $34,000 rather than $43,200. Nobody mentions this excludes penalties which the Treasury Secretary will be able to waive for himself.

[Wolfie]

Ah, the elite. They are a different breed, eh?

[jennyjenny]

If this doesn’t automatically make this guy ineligible I’m gonna puke.

[RandallFlagg]

So, when does he start his mandatory prison time for tax evasion like any of us would had we done the same thing?

Oh, wait..
Nevermind.....

[Red Badger]

If this was a Republican, he’d have been lynched by now.............

[Reaganesque]

As Steve Martin once said about how to earn a million dollars and not pay any taxes on it:

First, earn a million dollars.

Second, DON'T PAY YOUR TAXES.

Third, when the IRS knocks on your door and asks why you didn't pay your taxes, remember these two words "I...FORGOT."

[Dr. Ursus]

Only the rabble pay taxes-Leorna Hemsley,Charlie(no speakie
Spanish)Rangel and now little Timmy.

[Dr. Bogus Pachysandra]

0 shoulda nominated Charlie Rangle instead...........

[Reaganesque]

Of course, Mr. Martin could now update his third step to read: ...these three words: "I'M...A DEMOCRAT."

[dforest]

It won’t. Since he finally paid them, no penalty included, it was just an oversight by his private accountant. No big deal, the Obamanation has cleared him.

This is truly the fox guarding the henhouse. This fox will make sure the the US taxpayer henhouse has nothing left in it.

[Born In America]

Dingy Harry(Senate Racist) called it a “hiccup”....

[silverleaf]

OK, SO his character and judgement is impeccable. He is not a greedy self serving petty egoist who thinks taxes are for the little people ... like Charlie Rangel. This was all just a “mistake”

Why should a guy who is too stupid to understand his own tax forms,

or too stupid to hire a competent CPA to do his taxes....

be made the next US Treasury Secretary?

Should we taxpayers feel a tingle down our legs about his judgment? In the next 12 months we will be expecting him to guide an even dumber person (the prez select) in handing out a $1 trillion dollar “stimulus”

[Neverforget01]

Senate Majority Leader Harry Reid, a Nevada Democrat, dismissed the events as “a few little hiccups”

Republican senators did not immediately comment.

It is going to be a very long four years.

[G Larry]

Standard liberal mentality: “The rules don’t apply to us”!

The Clinton’s can take office with a clear conflicts of interest.

Geithner doesn’t need to pay his taxes.

BO doesn’t need to prove his citezenship.

etc......

[mkjessup]

I still say that 0bama should have nominated Bernie Madoff for Treasury Secretary, if they’re going to engage in thievery and fraud, go with a master, not these pikers like Geithner.

[Liberty Valance]

"After the underpayments were detected, Geithner paid back taxes and interest totaling $43,200."

Detected? If I had 40K in back taxes since '01 I detect that the IRS would already own my house.

[spintreebob]

Smart Candidates in upcoming special elections should jump on these stories while they are hot to get on local media outlets, including music and other non-ideologiological outlets that reach voters in their district.

Milk every angle of the story:
- Corruption that his penalties will be waived

- Too Big to fail as messianic appointee

- The Stimulus package we should all follow. If we all failed to pay Federal Taxes, we'd stimulate the economy much more than any pork from crooked politicians or a crooked Treasury Secretary.

Stay on message with a quotable, memorable sound bite. Don't confuse the topic by bringing in Jeremiah Wright or abortion or any other distraction that would detract from the point of the sound bite.

Aim small; miss small - Mel Gibson, The Patriot

[silverleaf]

” it was just an oversight by his private accountant”

For 4 years in a row?

Believe me, if it was a “mistake by his accountant”, the accountant would be stepping up and paying up. Perhaps poor Tim needs to have his taxes done by HR Block, or check out Turbo Tax, whihc back up service with guarantees

If Tim is a naive schtoop who find his personal tax forms too complex to master, signs anything put in front of him- why should he be the Treasury Secretary?

[subterfuge]

We live in an age of Modern Tyranny folks. Sorry.

[Blood of Tyrants]

Then run tot he toilet now. The ‘Rats don’t see this as a problem. What is a little tax evasion between ‘Rats?