Geithner Accepted IMF Reimbursement for Taxes He Didn’t Pay

[red states rule]

So now we know, Obama pick to head up the IRS is indeed a tax cheat


Geithner Accepted IMF Reimbursement for Taxes He Didn’t Pay

The problem with the treasury secretary-designate’s tax records.

By Byron York

Although it has been dismissed by some observers as a “hiccup” in an otherwise smooth confirmation process, treasury secretary-designate Timothy Geithner’s failure to pay self-employment taxes during the years he worked at the International Monetary Fund is causing some Republicans on Capitol Hill to ask serious questions about his actions. First among those questions is why he accepted payment from the IMF as restitution for taxes that he had not, in fact, paid.

Documents released by the Senate Finance Committee strongly suggest that Geithner knew, or should have known, what he was doing when he did not pay self-employment taxes in 2001, 2002, 2003, and 2004. After his failure to pay was discovered, first by the IRS and later during the vetting process, Geithner paid the federal government a total of $42,702 in taxes and interest.

The IMF did not withhold state and federal income taxes or self-employment taxes — Social Security and Medicare — from its employees’ paychecks. But the IMF took great care to explain to those employees, in detail and frequently, what their tax responsibilities were. First, each employee was given the IMF Employee Tax Manual. Then, employees were given quarterly wage statements for the specific purpose of calculating taxes. Then, they were given year-end wage statements. And then, each IMF employee was required to file what was known as an Annual Tax Allowance Request. Geithner received all those documents.

The tax allowance has turned out to be a key part of the Geithner situation. This is how it worked. IMF employees were expected to pay their taxes out of their own money. But the IMF then gave them an extra allowance, known as a “gross-up,” to cover those tax payments. This was done in the Annual Tax Allowance Request, in which the employee filled out some basic information — marital status, dependent children, etc. — and the IMF then estimated the amount of taxes the employee would owe and gave the employee a corresponding allowance.

At the end of the tax allowance form were the words, “I hereby certify that all the information contained herein is true to the best of my knowledge and belief and that I will pay the taxes for which I have received tax allowance payments from the Fund.” Geithner signed the form. He accepted the allowance payment. He didn’t pay the tax. For several years in a row.

http://article.nationalreview.com/?q=YzJjOGQyODY2ZjhhMWY4Y2U3YmVkMjhlMWQ2MWZiNTA=#mo re

[stephanie]

this administration has so much stink on them right from the get go, and this is THE CHANGE that was promised.

the little Marxist sure fooled a lot of people and now we will all pay for it..

[red states rule]

this administration has so much stink on them right from the get go, and this is THE CHANGE that was promised.

the little Marxist sure fooled a lot of people and now we will all pay for it..

Meanwhile, Dems shrug it off, the liberal media downplays it, and Obama supporters could not care less

Only in the Dem party can being a lying cheating crook be a resume enhancement

[5stringJeff]

The GOP doesn't seem to be putting up much resistance.

[red states rule]

The GOP doesn't seem to be putting up much resistance.

They have turned into cowards, and did not learn a thing from McCain's "respectable" campaign

[stephanie]

we are being sold out by these people who are SUPPOSE to represent US.
they are all just running roughshod over us.

I don't trust a one of these pos up there..

[red states rule]

we are being sold out by these people who are SUPPOSE to represent US.
they are all just running roughshod over us.

I don't trust a one of these pos up there..

It seems to me Republicans are more worried about be called a racist if they dare defy the Chosen One

Moderates and Independents got their ideal candidate in McCain - and now look what we got - and what we have to put up with for the next 4 years

[5stringJeff]

That's why you should have voted for Barr.

[red states rule]

That's why you should have voted for Barr.

Yea, he might have gotten what 1.2% with my vote :rolleyes:

[stephanie]

That's why you should have voted for Barr.

ok, and how would that have made a difference?

[red states rule]

ok, and how would that have made a difference?

It would not have changed a damn thing Steph

[5stringJeff]

ok, and how would that have made a difference?

It would have showed the two ruling parties that some people find liberty more compelling than continuing the two-party system. But, since you voted for McCain, I'm sure that you prefer the Party of Only Slightly Bigger Government (R), as opposed to the Party of Really Big Government (D).

[red states rule]

It would have showed the two ruling parties that some people find liberty more compelling than continuing the two-party system. But, since you voted for McCain, I'm sure that you prefer the Party of Only Slightly Bigger Government (R), as opposed to the Party of Really Big Government (D).

Like I said, it would not have made any difference

We would still have unchecked liberalism running wild - with chicken Republicans cowering in the corner worried about being tagged a racist

[stephanie]

It would have showed the two ruling parties that some people find liberty more compelling than continuing the two-party system. But, since you voted for McCain, I'm sure that you prefer the Party of Only Slightly Bigger Government (R), as opposed to the Party of Really Big Government (D).

you could be right, but I just couldn't cast a vote for a person who is a Marxist, and his party of Socialist and Communist, and of course McCain was no better, but I was hoping we could at least keep him under some control.. I'm hoping a formal third party will be able to take root, so we can kick the Democrats and Republicans to the curb..

[5stringJeff]

you could be right, but I just couldn't cast a vote for a person who is a Marxist, and his party of Socialist and Communist, and of course McCain was no better, but I was hoping we could at least keep him under some control.. I'm hoping a formal third party will be able to take root, so we can kick the Democrats and Republicans to the curb..

I'm glad you hope for that. In fact, the Libertarian Party is the third largest in the US. But it makes no difference how many third parties there are if people keep voting for the "lesser of two evil" major parties.

[red states rule]

I'm glad you hope for that. In fact, the Libertarian Party is the third largest in the US. But it makes no difference how many third parties there are if people keep voting for the "lesser of two evil" major parties.

I will never figure out why people back a sure loser and waste their vote

[stephanie]

I'm glad you hope for that. In fact, the Libertarian Party is the third largest in the US. But it makes no difference how many third parties there are if people keep voting for the "lesser of two evil" major parties.

I hear you, I would also like to see us explore having a Conservative party, to see how that would fly. Kinda like what the Republican used to be like..

[red states rule]

I hear you, I would also like to see us explore having a Conservative party, to see how that would fly. Kinda like what the Republican used to be like..

There are still a few Steph. I hoep they stand tall and speak out

I am sure you will see them being slimed in the liberal media when they do

[5stringJeff]

I will never figure out why people back a sure loser and waste their vote

Well, since you voted for McCain, I'm sure you can explain it to us.

[5stringJeff]

I hear you, I would also like to see us explore having a Conservative party, to see how that would fly. Kinda like what the Republican used to be like..

The Libertarian Party incorporates all the small government positions that traditional conservatism held.

[red states rule]

Well, since you voted for McCain, I'm sure you can explain it to us.

I did not vote for McCain - I did not like him

My vote was for Gov Palin

[5stringJeff]

I did not vote for McCain - I did not like him

My vote was for Gov Palin

Was your vote for Palin as President? In that case, you backed a sure loser and wasted your vote. Or was your vote for Palin as VP, with McCain as President? In that case, you voted for McCain, a sure loser and a waste of a vote, since it was shown at least two weeks before the election that he could not win.

[red states rule]

Was your vote for Palin as President? In that case, you backed a sure loser and wasted your vote. Or was your vote for Palin as VP, with McCain as President? In that case, you voted for McCain, a sure loser and a waste of a vote, since it was shown at least two weeks before the election that he could not win.

I chose Gov Palin out of the 4 people of the ticket

McAin, Obama, and Biden were liberals

Barr was a wasted vote. He got what 1% of the vote?

[5stringJeff]

I chose Gov Palin out of the 4 people of the ticket

McAin, Obama, and Biden were liberals

Barr was a wasted vote. He got what 1% of the vote?

There were only three tickets: McCain/Palin, Obama/Biden, and Barr/Root. Most other thrid party candidates could not get on the ballot in most states. Of course, one could write in whomever they wanted to.

So, my question remains: was your vote for Palin for President, or VP under McCain?

[red states rule]

There were only three tickets: McCain/Palin, Obama/Biden, and Barr/Root. Most other thrid party candidates could not get on the ballot in most states. Of course, one could write in whomever they wanted to.

So, my question remains: was your vote for Palin for President, or VP under McCain?

My vote was for Palin. To bad McCain was on the ticket with her

[5stringJeff]

My vote was for Palin. To bad McCain was on the ticket with her

So you did vote for McCain. Congratulations for being a "Party First" kind of guy.

[red states rule]

So you did vote for McCain. Congratulations for being a "Party First" kind of guy.

I guess I could have voted for Barr

With my extra vote Barr would have finished with 511,325 votes :laugh2:

[red states rule]

Back to the topic, if any of us would have made the "simple mistake" that Geithner made, we would be in jail by now for tax evasion