Only 115 Days Remaining!
Takes One to Catch One?
Despite repeated warnings from the International Monetary Fund (IMF), from whom Tim Geithner received income from 2001 to 2004, Geithner reportedly failed to pay $34,000 in payroll taxes. In response to a 2006 IRS audit, Geithner corrected his payroll tax errors for 2003 and 2004, but continued his withholding of proper payment for 2001 and 2002, until after he was vetted as Obama’s nominee for Treasury Secretary.[i]
What would happen to the average middle-class American failing to pay payroll taxes for four years and then continuing to stiff the IRS for an additional four years?
No need to worry about that. In Obama’s world, that behavior could put you in charge of the entire Treasury Department, including the IRS. And, who better to hold other Americans accountable? Incidentally, Geithner – a poster child for tax issues – plans to increase tax evasion prosecutions in 2012 and to aggressively pursue the collection of back taxes. According to Geithner:
“A total of $332 million would be devoted to new Internal Revenue Service (IRS) enforcement efforts, including $128.1 million to add nearly 800 new IRS employees to combat… tax evasion and improve compliance with tax laws by businesses and high-income individuals.”
Really! No hypocrisy here.
[i] Jackie Calmes, (Jan. 13, 2009) New York Times web-site, Politics, Geithner Questioned on Tax Returns, retrieved March 6, 2012 from http://www.nytimes.com/2009/01/14/us/politics/14geithner.html?pagewanted=all
- Whistle-blowers get no Favors from IRS (getirshelp.com)