Wasn’t this the same excuse invoked to use the extraordinary interrogation techniques (AKA torture) ?

Tim Geithner is the same age as Obama - 47 years old. He started his career in 1985 with Kissinger and Associates. so he has been receiving a W2 for most of his career and paying payroll taxes for the same period of time. It was only in 2001 that he started working for the IMF.

So he suddenly now forgets to pay payoll taxes ? Or does’nt know that you have to pay these taxes as an American worker working for an International organization located in America ?

My best guess is that Geithner just didnt care. He knew that if the IRS came back to him later, he could always pay it back along with the penalty. If not, he could get away scot free.

In the mean time he now has 36,000$ that he can invest in the markets in and make a neat little profit - so even if he gets caught later and has to pay a penalty he could possibly more than cover for it. Of course it also means that he has to pay increased capital gains taxes, but what if he could atleast avoid payroll taxes to the tune of 36 Grand ?

Geithner also figured that even though this could be an embarrassment down the line, it would nt exactly be career threatening - not when people think that you are the protege of big shots like Larry Summers or Robert Rubin.

This guy can take risks or what ?

I’ll celebrate that McCain isn’t in charge, because I think he is basically clueless and would have done absolutely nothing to further conservatism.

And I’ll pray (because prayer is all I’ve got to go with here, sorry Rick) that Obama isn’t who I think he is and that he will help lead the U.S. out of these economic doldrums while keeping our western civilization safe from the onslaught of Islamofascism.

I will remain, however, skeptical and critical for I do not believe the Messiah has arrived.

Sorry about that, shishkabob.

Popcorn is fitting, since this is a drama-comedy, and wine will relax you for the seduction, eh? Enjoy stroking yourself through it. Sorry to be vulgar (I’m not normally so) but there’s no other way to understand people like you without envisioning non-producers laying-about on the couch.

Unfortunately, Atlas Shrugged is a long novel, and we haven’t even made it to Part II yet.

Oh, PS, I’ll be working, earning money/tax revenues to help pay for your lifestyle.

saraforamerica

I’m going to make popcorn for the swearing in. Maybe open a bottle of wine.

What are you guys doing to celebrate?

“Prepared his own tax returns? With what, a pencil? He’s going to be in charge of the IRS and didn’t notice that his W-2 had no FICA withholding? Turbotax didn’t try to remit FICA on the income earned? He doesn’t know what FICA is?”

Dude, a foreign entity (the IMF) doesn’t send W-2’s. At best he got a statement. If you want to believe he just tried to get away with something, fine, but at least know what the hell you’re talking about.

Yes, indeed, if you do your own taxes you probably get it wrong: that is the problem with the tax code. If he doesn’t realize *that* then I really, truly, don’t want him in Treasury… where this sort of thing would prevent him from being hired on the civil side.

In this great big country with the worlds largest economy, don’t tell me this guy is all we’ve got. Our congresscritters simply are scared and gutless.

“Bu, but he knows Paulson. And,and he knows how to do what Paulson was doing. And,and…”

Yea right, and look where that’s gotten us. So what’s the conclusion?

Simply this: Geithner’s either a cheat, a swindler, an idiot, or he’s got his head up his ass.

But he sure is brilliant! Better hire him right now or the country’s goin’ down the tubes.

Yikes!!

The IMF spokesman is operating from an absurd premise: that his ethics office has a clear and complete picture of all tax problems involving IMF members allowing him to declaim authoritatively on the incidence of tax problems among IMF employees. This is nonsense.

Beyond that we have unnamed sources expressing a sort of vague dubiousness.

And all of that in the National Review.

You are still operating on the assumption that Geithner must have known, and nothing has yet supported that position. It remains an assumption. I’m not advancing the opposite assumption that he must not have known, just saying it’s entirely possible.