Treasury nominee says he failed to pay taxes

[sanrene]

Intuit tax software? He prepared his own taxes? He accepted refunds? Spin, baby, spin. Because none of these statements is a factual representation of the events.

Really? I suppose coming from msnbc, it might be believed. How about the tax-cheats own words?

Geithner filed own taxes - First Read - msnbc.com (http://firstread.msnbc.msn.com/firstread/archive/2009/01/21/1754950.aspx - broken link)

From NBC's Ken Strickland
Treasury Secretary nominee Tim Geithner, the president and chief executive officer of the Federal Reserve Bank of New York, filed his own taxes using Turbo Tax during the period he neglected to pay thousands of dollars in taxes

http://article.nationalreview.com/?q...hlMWQ2MWZiNTA=

According to an analysis released by the Senate Finance Committee, Geithner “wrote contemporaneous checks to the IRS and the State of Maryland for estimated [income] tax payments” that jibed exactly with his IMF statements. But he didn’t write checks for the self-employment tax allowance. Then, according to the committee analysis, “he filled out, signed and submitted an annual tax allowance request worksheet with the IMF that states, ‘I wish to apply for tax allowance of U.S. Federal and State income taxes and the difference between the “self-employed” and “employed” obligation of the U.S. Social Security tax which I will pay on my Fund income.”

In a conversation today with sources on Capitol Hill who are familiar with the situation, I asked, “Was Geithner made whole for tax payments that he didn’t make?”

“Yes,” one source answered. “He was getting the money. He was being paid a tax allowance to pay him for tax payments that he should have made but had not.”

In case that's too difficult for you to understand - yes, he accepted reimbursements for taxes he was supposed to have paid - but did not - and he knew it.

[DC at the Ridge]

Sanrene,

You were right about Geithner preparing his own taxes. I was wrong. In my defense, I don't think that information came out until yesterday, and I was going on previous reports. I think, though, that the fact that he prepared them with Turbotax actually supports his claim that this was an honest mistake. Turbotax is designed to handle regular tax filings, Geithner's employ with the IMF was an unusual circumstance, and it has been reported several times that the way IMF handles the tax payments is even more confusing than other international employers. Obviously, my comment "spin, baby, spin" was over the top and you deserve more respect than that.

DC

[LNTT_Vacationer]

And to think all Al Capone had to say was that "it's all just an honest mistake" and he too would be qualified to work in an Obama administration.