Secretary of the Treasury Nominee Tim Geithner should be asked if he believes that private retirement accounts should replace Social Security taxes, because he didn’t pay any SS taxes when at the International Monetary Fund. The Senate Finance Committee has moved the Geithner confirmation hearing from this Friday to next Wednesday, January 21 at 10 a.m. presumably to deal with this growing controversy.
According to a document posted on the Senate Finance Committee website:
The most significant tax concern is identified as Mr. Geithner’s failure to pay Social Security taxes during his entire tenure at the IMF, which began in 2001 and concluded in 2003 (some compensation was not paid until calendar year 2004). He paid no FICA taxes or self-employement taxes with respect to the IMF income during that time.
One would think that this is a “serious obstacle” to confirmation, yet Senate Finance Committee Chairman Max Baucus (D-MT) has shrugged off the errors as “honest mistakes.” At a minimum, this controversy should jump start a debate on tax simplification.

Not to mention
Brian Darling Wednesday, January 14th at 12:14PM EST (link)The Department of the Treasury has jurisdiction over the IRS. The defenders of Geithner are out in force today marketing an “honest and simple mistake” talking point today. Get used to hearing those words.
"Honest and simple" mistakes
zuiko Wednesday, January 14th at 12:35PM EST (link)It’s funny how these always seem to work in favor of the tax cheat rather than the other way around. People seem to be a lot more “careful” when it comes to writing a $35k check to the IRS than they are when it comes to not writing the same check.
I don’t see how this guy is not dead in the water. A tax cheat at Treasury? Are they serious? Why haven’t they thrown this guy under the bus already? Is it really that hard to find a Democrat with the skeletons deep enough in his closet they don’t come out for at least a few months?
Underlying most arguments against the free market is a lack of belief in freedom itself. - Milton Friedman
Charlie Rangel is his second choice.... NT
itdiehard Wednesday, January 14th at 12:54PM EST (link)It's an ethics issue - not one of competence
Steve W Wednesday, January 14th at 12:56PM EST (link)If I don’t pay tax on all of my income - that could be an oversight, or it could be that I thought I’d get away with it and so I didn’t report it all. If I get caught - shame on me - I get to pay the penalties along with the tax. (I’m all for ’sticking it to the man’ and letting him show me that I underpaid - they steal enough as it is). If he just ‘misplaced’ a thousand here or there, it’s understandable - accountants do it sometimes.
If I don’t pay ANY taxes - that’s not an oversight - that’s an intentional attempt to get out of my responsibility of paying because I believe that I won’t get caught AND (fill in your rationalization of choice). That’s not a matter of, “Oh my, I should have known better.” I’m sure that if he was self-employed, Geithner didn’t fill out all those tax forms himself anyway - so, we must assume that his accountant definitely DID know better.
In either case - if he’s on the WE NEED BIG GOVERNMENT - we NEED ALL THE TAXES WE CAN GET - then he’s (at best) a hypocrite, and ethically bankrupt - but, I’d argue that his implementation was competent (well, except he got caught).
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
- Ronald Reagan
Actually SteveW it's quite more than an "ethics" issue....
JadedByPolitics Wednesday, January 14th at 6:42PM EST (link)HE is a CHEAT…..he certainly signed his paperwork each year to be reimbursed by the IMF for those “taxes” that he promised he paid WHEN HE SIGNED!
http://corner.nationalreview.com/post/?q=Yzg2NzliNjFlNDE5YzFmMDhlNGJmYWQ5NjgyMDcxZDE=
Whoever has his enemy at his mercy &
does not destroy him is his own enemy
Isn't that what I said??
Steve W Wednesday, January 14th at 10:20PM EST (link)I meant (in many, many more words) that Geithner is a CHEAT.
Thanks for the more succinct way of saying it (and giving me the chance to say it again - /grin.
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
- Ronald Reagan
He ought to be sitting in JAIL you know if it was you or me...
JadedByPolitics Wednesday, January 14th at 10:23PM EST (link)and we signed those documents saying we paid those taxes WE would be in jail for at leat 10 years with excessive fines etc! It is incredibly WRONG and I am praying one of those Republicans who is going to question him brings up the SIGNED documents!
Whoever has his enemy at his mercy &
does not destroy him is his own enemy
Nah. They don't prosecute for small potatoes like that.
mbecker908 Wednesday, January 14th at 10:28PM EST (link)But he should be charged full interest and penalties and he shouldn’t be Treasury Sec.
Having looked into it further - this looks like he did more than cheat - he's lying BIG!
Steve W Wednesday, January 14th at 10:35PM EST (link)Didn’t someone say that if you’re going to lie, to lie BIG. If you’re going to lie big, then also lie OFTEN - it’s the only way you’ll be believed? Well, here’s the first of the Obama cabinet of liars.
Not only is he a lying, cheat - but from what I can see he’s not too competent to be holding down this position either.
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
- Ronald Reagan
5 5 5 nt
JadedByPolitics Wednesday, January 14th at 10:42PM EST (link)…
Whoever has his enemy at his mercy &
does not destroy him is his own enemy
The test is simple
10ksnooker Wednesday, January 14th at 1:03PM EST (link)What if Bush had done it?
Or how long would a Bush appointee survive this?
Here is a quote for contrasting Bush treatment vs. Obama
Marcus_Traianus Wednesday, January 14th at 1:19PM EST (link)“… the graceful thing, and he stepped down,” Sen. Joe Biden, a Delaware Democrat, said on CNN’s “Late Edition.” “And so I am not going to add to the speculation as to whether there may have been other things. The nanny thing was enough all by itself.”
You ask who are they talking about? Bernie Kerik.
It seems to me Kerik has many of the same problems and was flayed by Democrats, repeatedly. Yet we stand for these excuses in the interest of…what?
Once again there is a double standard at work, yet we should “all get along in the interest of the country” now? I don’t think so when Democrats have in the past termed this “disqualifying behavior”.
Where are our leaders speaking our on this? Oh, almost forgot, McConnell is a behind the scenes guy and Boehner…is he still in DC?
“Both of our political parties, at least the honest portion of them, agree conscientiously in the same object—the public good; but they differ essentially in what they deem the means of promoting that good. One side believes it best done by one composition of the governing powers; the other, by a different one. One fears most the ignorance of the people; the other, the selfishness of rulers independent of them. Which is right, time and experience will prove.”.Thomas Jefferson
Contributor to The Minority Report
Great Point
Brian Darling Wednesday, January 14th at 2:47PM EST (link)That Joe Biden quote is gold.
A tax cheat at Treasury? Captures liberalism
johnt Wednesday, January 14th at 2:25PM EST (link)at it’s best. The talk on one hand, the walk on another, the insanity in between. Rest assured the left really would be furious were this a Republican appointment, not an act but actual anger. Change parties and it’s not worth a deep sigh, such typical contradiction must be, has to be, the spillage of disordered minds.
Speaking of which, so far the Big Bam seems to be eminently untroubled by this. But then he was untroubled by Bill Ayers who did more than dodge taxes.
So far I think I’ve heard “honest mistake” about thirty times from the media, our adversary, watchdog press. Barf !
“a man’s admiration for absolute government is proportinate to the contempt he feels for those around him”. Tocqueville
I'll bet Joe the Plumber knew he had to pay self-employment taxes.
Achance Wednesday, January 14th at 2:38PM EST (link)Might not have paid them on time, it’s a hard thing to do with small SPs, but Joe and every other tradesman or entrepreneur in America knows he has to pay taxes and SS. It is an outright, bald-faced lie that this scumbag didn’t pay taxes on that income because of an oversight or a “hiccup.” LYING LIARS!
In Vino Veritas
Fantastic
zuiko Wednesday, January 14th at 2:56PM EST (link)How is it a mistake if you have to lie on your tax forms to fall into it? And if the guy really didn’t know any better, how is he qualified to run Treasury? A guy who can’t even prepare his own income tax return?
Underlying most arguments against the free market is a lack of belief in freedom itself. - Milton Friedman
that makes me so damn sick and queasy
kyle8 Wednesday, January 14th at 3:30PM EST (link)Proof positive that anyone who is in DC for more than eight years has become an evil undead democrat.
“Nothing works like freedom, Nothing succeeds like liberty”
Kyle
Did you catch Grahmnesty with President elect??
antisocial Wednesday, January 14th at 3:39PM EST (link)…..advocating the “honest” mistake. What a Disgrace?
This is the same guy who got John McCain to back TARP.
No you can’t - Moe Lane
——————————
The Emperor has no clothes!!!
——————————
Republicans who lost the Crap-and-Raid fight in the House -
Mary Bomo Mac (CA-45)
Mike Castle (DE)
Mark Kirk (IL-10)
Frank A. LoBiondo (NJ-02)
Chris Smith (NJ-04)
Leonard Lance (NJ-07)
John M. McHugh (NY-23)
Dave Reichert (WA-08)
no but it's not a shock to me that Lindsey
kyle8 Wednesday, January 14th at 3:44PM EST (link)Light Loafers Graham would be an Obama butt kisser.
What did we do as a people that was so bad that we deserve senators like that!
“Nothing works like freedom, Nothing succeeds like liberty”
Kyle
I saw that on foxnews...
antisocial Wednesday, January 14th at 3:52PM EST (link)Whatever happened to party and principles…. these are the people GOP needs to get rid of .
No you can’t - Moe Lane
——————————
The Emperor has no clothes!!!
——————————
Republicans who lost the Crap-and-Raid fight in the House -
Mary Bomo Mac (CA-45)
Mike Castle (DE)
Mark Kirk (IL-10)
Frank A. LoBiondo (NJ-02)
Chris Smith (NJ-04)
Leonard Lance (NJ-07)
John M. McHugh (NY-23)
Dave Reichert (WA-08)
This is the guy that got Paulson to back TARP. n/t
Steve W Wednesday, January 14th at 10:23PM EST (link).
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
- Ronald Reagan
Obama's Vetting Process? Hmmm....
hythloday Wednesday, January 14th at 6:23PM EST (link)What happened to the much-celebrated vetting process that the President-Elect and his transition team were reputed to be employing?
Don't try this at home...professionals at work
6eorge Jetson Wednesday, January 14th at 7:00PM EST (link)That would be To Go
If you want to hound em, then hound their @$$
6eorge Jetson Wednesday, January 14th at 7:10PM EST (link)Obama defends his appointees
That would be To Go
And this one takes the cake...
I use four letter words to describe women. Wednesday, January 14th at 5:24PM EST (link)Here’s our own Orrin Hatch (R-UT) weighing in on the subject. Remember, he also said that he thinks Eric Holder is a “…fine man” who should be confirmed as Attorney General. With republican jerks like these, who needs the democrats? Please note the quotes below:
“Despite the disclosures, several committee Republicans appeared to be leaning toward backing Geithner. Sen. Orrin G. Hatch of Utah called the tax problems ‘a mistake that a human being can make.’
‘I’m confident in the man’s ability. I think he’s a very fine man. I’m not one that holds mistakes against people,’ Hatch said.”
Well, I certainly hope we will remember, and hold these “mistakes” against Hatch when it comes time for re-election
I really wish Hatch would retire
zuiko Wednesday, January 14th at 5:50PM EST (link)He’s got no excuse for acting the way he does, either, considering the redness of the state he represents. I find him to be one of the most obnoxious Republicans in the Senate for just that reason.
Underlying most arguments against the free market is a lack of belief in freedom itself. - Milton Friedman
SANDY BURLGLAR REDUX
libocrat Wednesday, January 14th at 5:55PM EST (link)SLOPPY. No intent, Just. SLOPPY.
Liberals are so dishonest
What's your opinion of Charlie Rangel?
Vladimir Wednesday, January 14th at 5:58PM EST (link)Just curious.
There is no opinion, however absurd, which men will not readily embrace as soon as they can be brought to the conviction that it is generally adopted. - Arthur Schopenhauer
Let me see if I have this straight
bk Wednesday, January 14th at 6:22PM EST (link)The Democratic excuse is that he’s too stupid to do his taxes correctly and we shouldn’t hold that against him.
The Republican excuse is that anybody else Obama would name instead would probably be even worse.
So he’ll receive near unanimous confirmation. Is this a great country or what?
This is a great country it's just run by the inmates....
JadedByPolitics Wednesday, January 14th at 6:25PM EST (link)WE need to LOCK THEM BACK UP!
Whoever has his enemy at his mercy &
does not destroy him is his own enemy
Cuckos Nest 2.0 is more like it
izoneguy Wednesday, January 14th at 7:03PM EST (link)Obama reminds me of an orderly from that film.
Nurse Ratchet is Pelosi and Harry Reid is the crazy naked guy.
America is Jack Nicholson
“When the government fears the people, there is liberty. When the people fear the government, there is tyranny.”
Thomas Jefferson
Not Even a Close Question
Bob Maistros Wednesday, January 14th at 7:06PM EST (link)I love Orrin Hatch, for whom I worked back in the 1980s, and who is simply an irrepressibly nice man.
But putting that aside, let’s clear up this “honest mistake” thing once and for all. I’ve known people who have worked for the IMF as well as people who have lived and worked overseas. If they are ignorant of the tax ramifications of their conditions of employment, it is because they are willfully so.
Believe me, Geithner had plenty of advice on his tax status, and if he didn’t, he knew where to get it.
And no nominee to date who had a nanny tax issue — even in the Clinton Administration — has gotten away with it and been nominated.
When it comes to the guy who will be overseeing the Internal Revenue Service, ignorance of the tax laws — willful or ortherwise — is a disqualification for employment. Period.
Bob Maistros
bobmaistros.com
Minitrue
Robert A. Hahn Wednesday, January 14th at 8:38PM EST (link)What’s this all about? I get my news from Brian Williams on NBC, and he never mentioned this. Are you telling me that the Washington politicians on both sides of the aisle think it’s no big deal that a nominee for Treasury Secretary didn’t pay his taxes? And that a major news network didn’t even think it was worth telling the public about?
Why should ordinary citizens pay taxes if the politicians aren’t going to pay theirs? They don’t think this is a big deal? They don’t think telling the public that not paying your taxes is ok?
Drink Good Coffee. You can sleep when you’re dead.
Nice! . . . Great deadpan BTW. n/t
Steve W Wednesday, January 14th at 10:27PM EST (link)…
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
- Ronald Reagan
It's one of three things
buckeye Wednesday, January 14th at 9:21PM EST (link)Either he’s ignorant of self-employment tax, he’s a liar who was attempting to get away with it or he simply can’t ensure the people handling money for him are competent. Whichever, he’s not qualified to run a company treasury much less the country’s treasury.
“Honor is self-esteem made visible in action.” - Ayn Rand, West Point, 1974
He is not ignorant buckeye...he signed a statement every year...
JadedByPolitics Wednesday, January 14th at 9:33PM EST (link)to the IMF that he paid those taxes and in turn they gave him the dollar amount he “supposedly” paid…..this is ILLEGAL! He KNEW about and the signed documents for each one of those tax years is PROOF…..he should be arrested NOT sitting in a seat in DC.
I posted this upthread but here it is again..
http://corner.nationalreview.com/post/?q=Yzg2NzliNjFlNDE5YzFmMDhlNGJmYWQ5NjgyMDcxZDE=
Whoever has his enemy at his mercy &
does not destroy him is his own enemy
And even if he somehow forgot about that
zuiko Thursday, January 15th at 12:51AM EST (link)He would have had to do some obvious cheating on his taxes (such as classifying this earned income as investment income) to avoid paying this tax. It’s one of the more stupid ways to cheat on your taxes… so even if being a clever tax cheat is a qualification for Treasury, he still wouldn’t make the cut.
Underlying most arguments against the free market is a lack of belief in freedom itself. - Milton Friedman
Now even the Politico is on the TAX CHEAT's tale...
JadedByPolitics Thursday, January 15th at 9:10AM EST (link)http://www.politico.com/news/stories/0109/17463.html
Whoever has his enemy at his mercy &
does not destroy him is his own enemy