Tax problems may plague Obama's treasury pick

[Willie99]

Not paying taxes? This is simply not a problem for a Democrat, his base will still be there, see Al Franken. I wonder if it's because so many in their base don't pay taxes either :think2:

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http://apnews.myway.com/article/20090114/D95MTVI05.html

[FONT=Verdana,Sans-serif]He paid some of the taxes in 2006, after an IRS audit discovered the discrepancy for taxes paid in 2003 and 2004. But it wasn't until much later - days before Obama tapped him to head Treasury late last year - that Geithner paid back most of the taxes, incurred in 2001 and 2002. He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years there.

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2001, 2002, 2003 & 2004, I'd say that's a pattern. Fuck, why should a Treasury Secretary pay taxes when a US Senator doesn't have to and when the POTUS can commit perjury in a court of law?

We'll just keep adding to the list of criminals in DC. An impeached Federal Judge, a KKK Imperial Wizard, a Senator who committed vehicular homicide, two tax evaders and and a career plagiarizer

You want to see the difference between the two parties? Gerry Stuggs commits an act far worst than Foley, which one lost his job? Robert Byrd vs Trent Lott, Al Franken or Alcee Hastings or Ted Kennedy vs Ted Stevens, Nixon vs Clinton. (Nixon's crime? he lied about the coverup)

One base has some principles, the other doesn't give a shit at all.
[/FONT]

 

[Willie99]

The scumbag of all scumbags weighs in

U.S. Senate Majority Leader Harry Reid said he had no concerns about what he described were "hiccups" with President-elect Barack Obama's Treasury secretary nominee Timothy Geithner. "There's a few little hiccups but that's basically what they are, I am not concerned at all," the Nevada Democrat told reporters before a meeting of House and Senate Democrats to discuss the economic stimulus package they are considering.


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has there ever been a more hypocritical lying weasel to lead the Senate?


I think not. That man makes me puke.

 

[tiznow]

:lolBIG:

CHANGE BIATCHES :drink:

government keeps fucking up as we enter a depression as far as confidence in government goes

things continue to get more interesting

by the way willie stop it with the left/right shit

geithner a registered independent......not a dem

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Tax Errors and Bailout Gaffes: Is Tim Geithner the Right Man to Run Treasury?
Posted Jan 14, 2009 12:59pm EST by Aaron Task in Newsmakers, Banking
Related: ^dji, ^gspc, XLF, JPM, BAC, GS, SKF
A funny thing happened on the way to Timothy Geithner's confirmation hearings: Turns out Barack Obama's pick for Treasury Secretary, the man who would oversee the IRS, owed back taxes and had a housekeeper whose working papers expired.

Geithner's "nanny gate" issues are seen as relatively minor, a technicality. The same cannot be said of his failure to pay self-employment taxes while employed at the IMF, which reportedly tells its U.S. employees emphatically that they need to cover Social Security and Medicare levies themselves.

In 2006, after the IRS raised the issue, Geithner paid over $17,000 to cover back taxes and associated fees for 2003-2004. However, Geithner did not pay back taxes and fees for 2001-2002 - of about $26,000 - until November 2008, after he was nominated by Obama to be Treasury Secretary.

At this juncture, Geithner reportedly retains the backing of both Obama and key Democrats on the Senate Finance Committee. The hearing has been postponed until Jan. 21 but Committee Chairman Max Baucus said Timothy Geithner “clearly” will be confirmed, Bloomberg reports.

"But the affair leaves three questions that Geithner must answer before Senators confirm his position," writes Rob Cox of Breakingviews.com:

* Why didn't he get his taxes right in the first place?
* Why he realized he screwed up in 2003 and 2004, why didn't he cotton to the relevance of his error for the previous two years.
* Why wait until you are about to be confirmed as Treasury secretary to raise a transgression that, albeit modest in financial scope, is certainly germane to the position as ultimate overseer of the tax authority?

The bigger question is whether Geithner really is the "right" man for the job. As President of the New York Fed he's been intimately involved in all the major bailout decision of the past year. And since the NY Fed is a private institution owned by its member banks and led by a board comprised of major corporate CEOs and financial luminaries, perhaps the real question is this: If Wall Street is so gung-ho about Geithner for Treasury, is that really so good for the rest of us?

 

[TomKing]

IMF Informed Geithner on Taxes

MCKINNON and BOB DAVIS

Timothy Geithner, whose nomination as Treasury secretary has been delayed by his past failure to pay taxes, was repeatedly advised in writing by the International Monetary Fund that he would be responsible for any Social Security and Medicare taxes he owed on income he earned at the IMF between 2001 and 2004.

Current and former IMF officials said the fund provided numerous warnings to U.S. employees about payroll taxes. According to IMF documents released by the Senate Finance panel, Mr. Geithner regularly received information about his tax obligations

And this is going to be the Director of the IRS?

 

[artiesliver]

It is amazing that Geithner will run Treasury when the IRS is part of Treasury.

It is like having a chain smoker as the Surgeon General or the head of Immigration employing undocumented workers to do his landscaping.

 

[fletchisrhsm]

It is amazing that Geithner will run Treasury when the IRS is part of Treasury.

It is like having a chain smoker as the Surgeon General or the head of Immigration employing undocumented workers to do his landscaping.

ope: :lol:

 

[TotalRecall]

Its like having a Nazi as the Pope.

 

[pubguy]

Its like having a Nazi as the Pope.

It's like having TotalRecall make a logical argument.

 

[TotalRecall]

Welcome to the Matrix - or as you would know it- the NWO. Willie is finally staring to feel marginalized. Some more cheese with your whine sir?
This could be fun. Interesting that you didnt see any corruption until the colors changed from red to blue. Your just another gang member who doesnt rule anymore.

With me nothing changes because I know colors dont mean shit. One party is a pig. The other lipstick on a pig. Ill leave it to you Pubguy to tell Willie which is which. Try using your "logic" on that. Logic is always dependent upon linear thinking. But the Matrix makes it circular doesnt it. Only abstract thinking will save your mind from turning into slush. You should hurry- it may be too late for you.

Their boy will obey his masters and appoint whoever the Fed tells him to.- and theres nothing you can do about it.

Time for you to go from arrogant know it alls to oppressed ones. Good luck with the transition.

 

[Willie99]

marginalized? :think2:

can anyone tell me what that feels like?

You see, I was kinda thinking Obama's massive tax law changes would make me busier than ever, enable me to increase hourly rates and that I am going to continue to survive and prosper no matter who is President. Throw in the fact that I just paid my last college tuition and my mortgage is paid in a couple of years and baddabing, I'm kinda feeling pretty good about things.

Is that the same as feeling marginalized?

 

[TotalRecall]

marginalized

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<DL><DT class=hwrd>Main Entry:</DT><DD class=hwrd>mar·gin·al·ize </DD><DT class=pron>Pronunciation:</DT><DD class=pron>\ˈmärj-nə-ˌlīz, ˈmär-jə-n<SUP>ə</SUP>l-ˌīz\ </DD><DT class=func>Function:</DT><DD class=func>transitive verb </DD><DT class=inf>Inflected Form(s):</DT><DD class=inf>mar·gin·al·ized; mar·gin·al·iz·ing</DD><DT class=date>Date:</DT><DD class=date>1970</DD></DL>: to relegate to an unimportant or powerless position within a society or group