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A New Tax Haven - Presidential Appointments

By
Real Estate Technology with Carmody and Associates LLC

Change you can Believe In - Must be an effort to save money at the Bureau of Prisons.  Folks who don't pay their taxes like the rest of us are being appointed to high office instead of some more appropriate dispositions. 

Flame of ChangeThe focus of the confirmation hearings has been the unpaid tax issues of Tim Geithner, recently confirmed as the 75th United States Secretary of the Treasury.  Can you imagine the outcry if a Republican administration were nominating a candidate with a record like this?

Geithner's problem deals with his tenure at the International Monetary Fund as director of the Policy Development and Review Department.  As I understand it, Geithner was considered to be an independent contractor and was therefore responsible for filing his own tax estimates and paying his own payroll taxes (or more accurately self-employment taxes).  Geithner described his non-payment as unintentional and careless.  When audited, he had paid the taxes for years 2003 and 2004.  He was assessed interest - but appears not to have been charged penalties.  Also - he did not willingly pay the tax for years 2001 and 2002 which were not the subject of the audit (until he was nominated for high political office in the Obama Administration). Further, documents displayed at his confirmation hearing indicate that he received a written notice at IMF reminding him of his obligation to pay the taxes and an additional document where he requested AN ADDITIONAL ALLOWANCE FROM IMF TO COVER PART OF HIS TAXES WHICH HE PROMISED TO PAY.

Thumbs down in WashingtonMr Geithner, of course, was confirmed to serve at Treasury Secretary.

Now we can turn to Former Senate Majority Leader Tom Daschle, picked by the President to oversee the administrations health reform efforts.  Mr Daschle has recently filed amended tax returns for tax years 2005-2007 reporting $128,000 in unpaid taxes.  (Clearly only filed because of his return to the public trough).

In this political climate, he will probably be promptly confirmed to high office as well.

Somebody needs to remind these folks that not getting caught in a lie is not the same as telling the truth.  I am appalled and disappointed at some of the Obama appointees - not because of ideology but some are clearly just not morally qualified for public service in positions of trust. 

Comments(25)

Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

p.s.  We're just getting further down the slippery slope.  But what should we expect from a party whose last President didn't inhale and whose new one admits to cocaine use?

Jan 31, 2009 10:44 AM
Ted Baker
Carmody and Associates LLC - Winter Haven, FL
MidFloridaMediation.com

its a brave new world...

Nice to see you Brian

 

Jan 31, 2009 05:35 PM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Pompous asses in Washington showing forth the hypocricies in this new administration. You can't view associations and records anyomore because you would have to look at the one who is appointing these people, and we all know who Obama associates with and his record speaks for itself.

Feb 01, 2009 11:01 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Congratulations this post is now featured in Silent Majority of Acitve Rain.

Feb 01, 2009 11:04 AM
Israel Barden
RE/MAX Big Bear Village - Big Bear Lake, CA

Is Geither by the far the best qualified person for this job? Given his status as a delinquent tax payer, it seems like a bad choice. I read that Orrin Hatch endorsed him. Seems like the same ols, same old to me. It seems like their was a Republican scandal every day during the last administration. With a start like this, maybe Obama can catch Bush in record time.

Feb 02, 2009 10:29 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Israel ~ Wow, we are on the same page on this issue. This is so disgusting, it is hard to think it is actually happening, without shouting!

Feb 02, 2009 01:25 PM
Ted Baker
Carmody and Associates LLC - Winter Haven, FL
MidFloridaMediation.com

Israel and Nick - I agree that this is wrong and Daschel will be worse (because he is not the most qualified anything).

I think the Republicans gave Tim Geithner a pass because in addition to his previous post at NY Federal Reserve during the melt-down in September, I think he was viewed as being pro-business.  And they were concerned who might be the next appointee if they kicked back at this one. 

But can you imagine the ruckus if the Republicans had sent these candidates up to Capitol Hill ?

 

Feb 02, 2009 01:30 PM
Alice Linahan
Voices Empower - Argyle, TX

Ted,

Thank you for your post!!! It is apathy that will take our great country down. But it can also be reversed by spreading the truth of who and what these people are doing. Many in Washington just hoping they can continue to snow Americans. My prayer is that the same energy that made the most uninterested Americans get out and vote will also get them to take a look at who they actually voted for. The left can no longer blame the Big Bad Texan. Hang tough my friends and do not give in!!!

 

Feb 02, 2009 02:49 PM
Bob Cumiskey
A1 Connection Realty, Inc. - Sun City Center, FL
US Army Retired, Your Sun City Center, Florida ~ Realtor

Seems like the Dems are so forgiving and understanding with this administration.  I can understand now why pelosi and reed so feverishly got behind obama.

Feb 02, 2009 04:18 PM
Kevin Robinson
Twin Falls, ID
Fractional Developer

I am getting to the end of my rope on both parties.

Feb 03, 2009 12:03 AM
Joe Burns
Vanguard Properties - Sausalito, CA

Obama just announced a new stimulus plan. He is requiring his cabinet to pay their back taxes. The windfall should about cover it.  Then he will only have to worry about all those simple 'failed Bush policies' he was so eager to fix. Looks like the more he becomes educated, the less 'failed' those policies turn out to be.  You can fool some of the people some of the time, but you can't...

Feb 03, 2009 07:10 AM
Ted Baker
Carmody and Associates LLC - Winter Haven, FL
MidFloridaMediation.com

UPDATE - Senator Daschle has pulled his name from the confirmation process... that's one for the good guys.

 

Feb 03, 2009 07:55 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

I think I slimed him. Better watch out.

Feb 03, 2009 10:58 AM
Brenda Abide
Weichert Realtors Benchmark - Germantown, TN

I'm beginning to wonder if there is anyone in office in Washington that is honest.   They all evidently think laws and taxes are for regular people but certainly not for them.

Feb 03, 2009 12:35 PM
Cheri Smith
Prudential Gary Greene, Cypress TX - Cypress, TX
Realtor Prudential Gary Greene

It baffles me beyond all good sense how someone can be named to head the TREASURY but not be able to handle his own finances.

...of course I will never forget the scandal, in the 80s I think it was, around all of the politicians/Congressmen who had bounced checks that were left outstanding until it came to light in the media and most of these guys are not only still in office but have gained more power since then. THIS is who we have controlling our country?!?! Apparently you don't have to have brains or morals to gain political seats in this country which is a real shame.

It seems to be about who you know more than what you know.

This country goes further down hill with each passing generation.

I believe we are now at our lowest.....but unfortunately I know it will get worse.

 

Feb 03, 2009 01:24 PM
Kevin Robinson
Twin Falls, ID
Fractional Developer

I love that our new Sec Treas uses Turbo Tax. That is the guy for me. What the $%^?.

Feb 04, 2009 12:42 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Roland Burris, the new senator of Ill says we have tried the tax cuts, now we have to pass this new stimulus or we're doomed. Great choice by BLAGO.

Feb 04, 2009 01:35 PM
Alice Linahan
Voices Empower - Argyle, TX

And it just gets worse!! Click on the link below.

Obama names "most fined" Washington State bureaucrat to HUD

Feb 4, 2009 9:19 AM by Ed Morrissey

 

Feb 04, 2009 01:43 PM
Brenda Abide
Weichert Realtors Benchmark - Germantown, TN

Let's review the situation since Daschle and Killefer have withdrawn from the appointments.   Now comes Obama who admitts he made a mistake and he made the following comments:

"I think I screwed up. I take responsibility for it and we're going to make sure we fix it so it doesn't happen again," Obama told CNN in an interview

"What became clear to me is that we can't send a message to the American people that we've got two sets of rules: one for prominent people and one for ordinary people. So I consider this a mistake on my part and one that I intend to fix and correct and make sure that we're not screwing up again," the President told in another interview with FOX News.

Timothy Geithner, President-elect Obama's Treasury secretary, failed to pay tens of thousands of dollars on his tax returns and employed a housekeeper whose legal immigration status lapsed while working for him.

Is Obama going remove Geithner or look the other way? It looks like Obama still has different sets of rules for different people and he is still an expert at talking out of both sides of his face.  Geithner should be removed as Secretary Treasury at once.  This is outrageous.

Between these appointment screw ups and Obama's other recent screw up telling the Muslim's "America has made mistakes" screw up I am terrified that this man is in charge of our country.

Obama making mistake after mistake and the mainstream obamamania media and liberals are still giving him a free pass. 

 You are right Ted, if Bush had done this all heck would have broken loose and the media would be all over it.  You can barely find the news reports on these questionable appointments.

 

 

 

Feb 04, 2009 02:08 PM
Alice Linahan
Voices Empower - Argyle, TX

Brenda excellent Post!!

Feb 04, 2009 02:16 PM