JOHN adds: I find it remarkable that the Senate is willing to overlook the fact that Geithner failed to pay his self-employment taxes for four years, even though 1) he was specifically told by the IMF that he needed to pay these taxes, 2) the IMF gave him additional compensation specifically earmarked for paying his self-employment taxes, 3) Geithner signed a form stating that he would use this additional compensation to pay his self-employment taxes, and 4) when he was audited by the IRS and his failure to pay self-employment taxes was discovered, he belatedly paid those taxes for 2003 and 2004, but not for 2001 and 2002 because the statute of limitations had run on those years and he couldn't be prosecuted for his failure to pay the taxes he owed. But I will say this: if Geithner were a Republican with the same tax-scofflaw record, there is not the chance of a snowball in Hell that he would be confirmed. |
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