The reports have been about how he seemed to have overlooked paying self-employment taxes for money he earned from 2001 to 2004 while in the employ of the International Monetary Fund, according to materials released by the committee Tuesday.
Could happen to anyone.
He paid some of the taxes in 2006, after an IRS audit discovered the discrepancy for taxes paid in 2003 and 2004. But it wasn't until much later—days before Obama tapped him to head Treasury late last year—that Geithner paid back most of the taxes, incurred in 2001 and 2002. He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years there.Good thing he had friends looking out for him.
Even the very brilliant and wise Judge Joseph Napolitano thinks it is good to have someone in that position that has had troubles with the IRS.
He is probably correct. No, I will go so far as to say, I wholeheartedly agree with him.
all of this stuff is because he "forget" to pay his taxes in an "honest mistake".
The thing is, I heard otherwise today. When I actually checked, I was able to verify that it was known as soon as yesterday that Mr Geithner was told that he had to pay his taxes himself, and signed paperwork to the effect that he knew it, and would do so.
But, there is more
IMF issues several clear guidelines each year for its employees detailing their responsibility to pay all their self-employment taxes, and that Geithner had signed annual statements saying that he would do so. He also had experience dealing with such taxes, the panel noted.
So, knock off the "Honest Mistake" crap, and just answer the damn question,
Not that we need to ask.
It was because it was your money, you earned it and you didn't want to give it away.
Just say so, we all understand.
H/T: Glenn Beck