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Sarah Palin’s Tax Problem?

It appears that Governor Sarah Palin of Alaska has a big tax problem.

It has been learned that Todd and Sarah Palin failed to pay the proper self-employment taxes for their fishing business in 2001, 2002, 2003 and 2004, even though they were sent documents telling them they had to do so.

But in 2006, Sarah Palin got a document she couldn’t ignore. The IRS sent Gov. Palin a notice saying she had not paid her taxes for 2003 and 2004, and the governor paid up.

But the Palins did not pay up for 2001 and 2002, even though the two must have known that they skipped taxes for those years, too.

They didn’t pay those taxes until John McCain decided he wanted Gov. Palin to be his running mate, and McCain sent vetters to look into the Palins’ past.

The vetters discovered the Palins’ little tax error in November and told the governor. Then Todd and Sarah Palin paid up, with interest. The vetters also told McCain, of course.

According to an article by Politico’s Craig Gordon and Amie Parnes, McCain “decided to push ahead with the selection anyway because he ‘still wanted her.'”

At the end of the day, a source said, “John decided that she was the best person for a really important job.”

Oh, wait…

It seems that I had my names and pronouns all mixed up. I’m terribly sorry!

It wasn’t Todd and Sarah Palin who failed to pay the proper self-employment taxes for 2001, 2002, 2003 and 2004, it was Timothy Geithner, President-elect Barack Obama’s nominee for Treasury Secretary. It was Geithner who was sent documents telling him he had to pay those self-employment taxes.          

It was Geithner, not Gov. Palin, who received a document in 2006 which he couldn’t ignore. The IRS sent Geithner, not the governor, a notice saying he had not paid his taxes for 2003 and 2004, and Geithner paid up.

It was not the Palins but Timothy Geither who did not pay up for 2001 and 2002, even though he must have known that he skipped taxes for those years, too.

He didn’t pay those taxes until Barack Obama, not John McCain, decided he wanted Geithner to head the treasury, not for Sarah Palin to be his running mate, and Obama sent vetters to look into Geithner’s past.

It was Geithner’s little tax error that the vetters discovered in November, not the governor’s. The vetters told Geithner, who paid up, with interest. The vetters also told Obama, of course, not John McCain.

Again, my sincere apologies for misreading Roger Simon’s Politico op-ed and getting all those names and pronouns confused. But it was an “honest mistake.” I had an “Obama voter moment,” like the 57% of Obama supporters who did not know which party was in control of Congress.

In my defense, I had read “With Palin’s Returns, Tax Profs Move Back to the Spotlight” on the WSJ Law Blog yesterday, and I just assumed that it was a very big deal, and that’s what Roger Simon was writing about. After all, two law professors, are arguing that the Palins’ tax returns are indeed a very big deal. Never mind that The State of Alaska consulted with the IRS, according to a McCain-Palin spokesperson, and the governor’s tax attorney provided a letter stating that the Palins took and reported their deductions properly. Good thing the Palins have that H&R Block guarantee!

I wonder if the Tax Profs are aware of Timothy Geithner’s tax situation? Perhaps they have been too preoccupied with tracking down every little deduction claimed by Todd and Sarah Palin to notice. Besides, Camp Obama has assured us all that the man the president-elect believes is best qualified to be in charge of the U.S. Treasury in these times of financial trouble made an “honest mistake.”

Now, that’s reassuring!

- JP

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