http://www.msnbc.msn.com/id/28642237

 

President-elect Barack Obama's choice to run the Treasury Department and lead the economic rescue effort disclosed to senators Tuesday that he failed to pay $34,000 in taxes from 2001 to 2004, a last-minute complication in an otherwise smooth path to confirmation.

 

Timothy Geithner failed to pay self-employment taxes for money he earned while working for the International Monetary Fund from 2001 to 2003, the transition official said. In 2006, the IRS notified him that he owed $14,847 in self-employment taxes and $2,383 in penalties from 2003 and 2004.

 

Transition officials discovered that Geithner also had not paid the taxes in 2001 or 2002. He paid $25,970 in taxes and interest for those years several days before Obama announced his nomination, the transition official said.

 

Geithner also didn't realize a housekeeper he paid in 2004 and 2005 did not have current employment documentation as an immigrant for the final three months she worked for him, the transition official said.

 

 

He was notified by the IRS back in 2006 that he owed these taxes, but just got around to paying it a couple of days before Obama announced his nomination? Sure.

Funny stuff. I'm sure glad I'm not in politics as I couldn't stand the microscope.

Interestingly enough, the IRS is the largest bureau/sub-department of the Treasury Department..:scared:

Funny stuff. I'm sure glad I'm not in politics as I couldn't stand the microscope.

 

I really don't have a problem with him underpaying his taxes. It very likely was just an honest mistake. I do, however, find it troubling that he knew about this issue for several years and neglected to do anything about it until such time as he knew it would be caught and publicized.

I really don't have a problem with him underpaying his taxes. It very likely was just an honest mistake. I do, however, find it troubling that he knew about this issue for several years and neglected to do anything about it until such time as he knew it would be caught and publicized.

 

:thumb:

I really don't have a problem with him underpaying his taxes. It very likely was just an honest mistake. I do, however, find it troubling that he knew about this issue for several years and neglected to do anything about it until such time as he knew it would be caught and publicized.

 

Delusional thinking. These elistists want us to obey the law, but these hypocrits think it is OK to blow off the law of the land, because they believe they are superior to everyone else. This is not a youthful indiscretion. He only paid it because was being put into the limelight.

Remember when President Bush was trying to get nominees through that had problems with nannies? Is the tax issue the new nanny issue?

Remember when President Bush was trying to get nominees through that had problems with nannies? Is the tax issue the new nanny issue?

Which Bush? I recall a couple of Clinton nominees dropping out for this reason. One of the nominees was for AG.

For any other position, I wouldn't have a big problem with this. However, there's no way he should be Secretary of the Treasury.

Which Bush? I recall a couple of Clinton nominees dropping out for this reason. One of the nominees was for AG.

 

Actually, I found that it was both Clinton and Bush.

For any other position, I wouldn't have a big problem with this. However, there's no way he should be Secretary of the Treasury.

 

Well, I'm not so certain that for ANY high-ranking government position it is okay to simply disregard a tax debt, but I will absolutely agree that it is ridiculous to have the man in a position to run the Department that supervises the IRS.

 

Again, I have not one problem the man incurred a tax problem. Heck, I made a stupid mistake on my return a few years back that amounted to an additional liability (plus interest and penalties). Honest mistakes happen. But it is pretty apparent he was fully aware of this debt and had no intentions to follow up on it until it was sure to become public knowledge. That, to me, brings his character into question.

Well, I'm not so certain that for ANY high-ranking government position it is okay to simply disregard a tax debt, but I will absolutely agree that it is ridiculous to have the man in a position to run the Department that supervises the IRS.

 

Again, I have not one problem the man incurred a tax problem. Heck, I made a stupid mistake on my return a few years back that amounted to an additional liability (plus interest and penalties). Honest mistakes happen. But it is pretty apparent he was fully aware of this debt and had no intentions to follow up on it until it was sure to become public knowledge. That, to me, brings his character into question.

John F. Kerry says not to worry, this little SNAFU will not derail the nomination. For once, I tend to believe him. Senate Democrats have no shame.

You really have to question the vetting process.

You really have to question the vetting process.

 

What vetting process?

What vetting process?

I think all elected officials should be sent to the vet to be neutered.