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The IRS didn't even think it was a big deal. It's odd that his employer left playing their share of SS taxes up to him.
sign his ass up quick.
The IRS didn't even think it was a big deal. It's odd that his employer left playing their share of SS taxes up to him.
Who was the 1st chairman of the SEC?
$36,000. Not paid until the Obama team found it during the vetting.
Geithner says he was careless and forgot. Says he used Turbo-Tax.
I believe him.
You'd think a President of the New York Fed would have a better answer than that, though.
so he's either a cheat or careless with finances? sign him up.
Change at its finest.
If we don't appoint him quickly, the banks will start feeling more pain. Confirm the man.
Last edited by Winehole23; 01-22-2009 at 01:39 AM.
And if we do appoint him quickly the banks will be fine?
Your sarcasm meter might be faulty. Sorry for not using a smilie.
The banks are ed. That's why there's going to be more nationalization.
No, I hate smilies. I just had my sarcasm meter turned off. Paying bills tonight, it always s me up.
All it takes is common sense when listening to his excuses to know this dude is lying out of his ass.
Nothing is surprising anymore.
Change.
Mr. WH23 votes 'Aye'.
How can anybody with adequate self knowledge and compassion deny a man the simple gumption to at least try to secretly steal his own money back from the government?
God bless him!
Aye!
Last edited by Winehole23; 01-22-2009 at 05:05 AM.
I can't think of a better person to be in charge of the IRS than a guy who hates them...poetic justice I think.
Dems stealing a page from the Republican playbook.
not when you are considered an independent contractor basically.
i should 'forget' about my self employment taxes this year.
oops.
if you ain't cheatin' then you ain't tryin'.
He was self-employed - which means he had to pay all the SS taxes. He signed forms acknowledging he understood the tax responsibilities and he was reminded numerous times by IMF - yet he still claims it was an innocent mistake? The guy is a liar and a cheat - so by all means let's let him take care of the nation's money!
And can we now expect the IRS to be a kinder, gentler ins ution? I mean - they didn't even assess penalties to this tax cheat! Let's see how one of us fiefs would fare if we "forgot" to pay our taxes.
go for it.
They're taking your advice.
Senate panel votes to confirm Timothy Geithner
The Senate Finance Committee voted 18-5 Thursday in favor of Timothy Geithner’s nomination as Treasury secretary.
Geithner’s nomination now goes to the full Senate, which is expected to confirm him.
Supporters of Geithner cited his intellect and years of experience at the Treasury Department, the International Monetary Fund and as president of the Federal Reserve Bank of New York. They said Geithner made a mistake by failing to pay self-employment taxes while working at the IMF, but noted he has acknowledged and corrected that mistake.
Plus, they said the Treasury secretary’s position is too important to leave vacant given the current economic crisis.
Sen. Kent Conrad, D-N.C., said he found Geithner’s failure to pay taxes “completely unacceptable,” and would lead him to vote against his nomination “in normal times.”
“These are not normal times,” Conrad said. “I personally don’t think we can afford a further delay in filling this critically important position.”
Several Republicans said they would support Geithner because President Barack Obama deserves to have the management team he wants.
But Republicans who voted against Geithner cited both his tax mistakes and his record as a financial regulator.
“I’m not convinced he’s the right man for the job,” said Sen. Michael Enzi, R-Wyo. “This is a man who’s going to be in charge of tax reporting and collection.”
Previous nominees for Cabinet posts who made less serious errors on their taxes were forced to withdraw, he noted. Geithner has paid $42,702 in back taxes and interest for self-employment taxes that should have been paid from 2001 to 2004.
Sen. Jim Bunning, R-Ky., said he “cannot in good conscience” vote for Geithner without a more thorough investigation of Geithner’s tax history and his role in the economic crisis facing the country.
As president of the Federal Reserve Bank of New York, Geithner “sat idly by as devastating risk became more and more concentrated in a handful of few large financial ins utions.”
Sen. John Kyl, R-Ariz., said he “reluctantly” would vote against Geithner because the nominee has failed to “display the kind of candor I expect” from a Treasury secretary.
I think every president is en led to his cabinet and judicial appointments. Republicans are making a stink about this just to gain political points; this man will be confirmed.
I say confirm him. Make Obama live with his appointment. Make Obama fire him, if necessary.
Oh really? What about checks and balances? And you might refresh my memory - how did the Dems handle Bush's appointees? That's right - they blocked them every chance they got!!
from desperation to bitterness.
that's entertainment!
We don't need this. I had questions on Geithner because of his background anyway. Does anyone realize this guy is an elbow-grease economist? He doesn't have the credentials for the position! Why did President Obama nominate him?
Because Obama is a rube who doesn't really have a clue what he's doing. Let's get real - 4 years ago, no one outside of Illinois even knew who Obama was - now he's President?! After the Democrat convention people were saying "who's this guy with the funny name?" And two of those 4 years he's been campaigning. He's never made an executive decision and now he's faced with the task of running the government and staffing all these cabinet posts - he's totally in over his head.
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