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Treasury secretary hasn’t paid his taxes

News out a couple of days ago reveals that Barrack Obama is going to hire Tim Geithnerger as Treasury Secretary despite not paying his taxes.

Geitnerger failed to pay self-employment taxes when he was working for the International Monetary Fund totalling $25,970, which was found during Obama’s vetting process.

Time reports:

The confusion over the self-employment tax arose from an unusual system used by the IMF. Though its U.S. employees receive W-2s, they have been treated for tax purposes as though they are self-employed.

Can you imagine what would happen here if the head of the IRD had a record of not paying thier taxes?

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This entry was posted on Saturday, January 24th, 2009 at 1:34 pm and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Treasury secretary hasn’t paid his taxes”

  1. Goose The Tax Dog Says:
    January 27th, 2009 at 4:39 am

    You can be sure that before this episode, most of us Americans would have never imagined confirming a Treasury Secretary with a history of not paying taxes. The fact that he was brought in with so little fanfare is surely testament to our panic at the current crisis and President Obama’s popularity.

  2. Al Says:
    July 11th, 2009 at 12:53 pm

    I have searched in almost every corner of tax law/s and I am desperate for an answer… Call me ignorant or whatever, but can ANYONE show me where, or point me in the right direction to an answer to this question:
    Is it a LEGAL REQUIREMENT by the Government, IRD or any other authority for anyone or citizen of this country NZ to pay income taxes? If so, please show me the statute/ law or whatever, because I for one cannot find a difinitive answer to this question.

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