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Geithner apologizes for not paying taxes

January 21st, 2009 . by TexasFred

Geithner apologizes for not paying taxes

WASHINGTON (AP) – Treasury Secretary-designate Tim Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade and apologized to Congress.

He told the Senate Finance Committee he was sorry that his past transgressions were now an issue in his confirmation at a time of deepening economic crisis. He urged Congress to act quickly and forcefully to deal with the crisis. A top administration priority is to foster economic recovery and “get credit flowing again,” Geithner testified.

As to his failure to pay the payroll taxes from 2001 to 2004 while he worked for the International Monetary Fund, Geithner said: “These were careless mistakes. They were avoidable mistakes.”

“But they were unintentional,” he said. “I should have been more careful.”

Full Story Here:
Geithner apologizes for not paying taxes

Have any of you fine folks ever been in *tax trouble*?? Have you ever been audited by chance?

If you have, you know, fully well, the IRS is NOT kind. They are not even polite, not even remotely polite! The IRS will belittle you, they will talk to you as if you are already a convicted criminal, and somehow, I don’t think “But they (errors) were unintentional, I should have been more careful.” is going to be an accepted excuse!

As Secretary of the Treasury, Geithner will be the head of the IRS. Is a guy that failed to pay taxes and then made what the IRS would consider to be incredibly LAME excuses, the guy we want heading the Treasury??

Geithner told the panel that he had prepared some of the returns himself with a popular tax-preparation computer program.

Ya know, if I had thought of this, I wouldn’t have needed a CPA when I was still doing business. Sure, I’d have paid taxes and penalties at some point but what the hell, I’d get a nice free pass from Congress and the Senate. The almost certain to be approved tax cheat that’s about to become Secretary of the Treasury would be my friend and he’d keep the IRS at bay while I explained how that Turbo Tax thing just didn’t get the job done.

If we want this nation to EVER prosper again we MUST remove those from power that have been proven to have engaged in improprieties. Legal, business, moral, whatever those improprieties may be. Our current president has admitted that he did cocaine and smoked pot. Bush was an admitted drug user and alcoholic in his past. Clinton used drugs too, no matter how many times the lying SOB says he didn’t inhale, and then there’s still that Monica thing that taints the Clinton presidency.

A tax cheat is no different. We must have leaders that are above reproach. Having a tax cheat like Tim Geithner at the head of Treasury would be akin to allowing Keith Richards to become the head of the DEA!


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Social Security Going Up by 2.3 Percent

October 17th, 2007 . by TexasFred

WASHINGTON (AP) – Come January, Social Security benefits for nearly 50 million Americans are going up 2.3 percent, the smallest increase in four years. It will mean an extra $24 per month in the average check, the government announced Wednesday.

The cost of living adjustment means that the monthly benefit for the typical retired worker in 2008 will go from $1,055 currently to $1,079 next year.

The adjustment, announced by the Social Security Administration, will go to more than 54 million Americans. Nearly 50 million receive Social Security benefits and the rest get Supplemental Security Income payments aimed at helping the poor.

The adjustment, announced by the Social Security Administration, will go to more than 54 million Americans. Nearly 50 million receive Social Security benefits and the rest get Supplemental Security Income payments aimed at helping the poor.

The 2.3 percent increase is the smallest since a 2.1 percent rise in 2004. It compares to an increase of 3.3 percent last year and a jump of 4.1 percent in 2006, which had been the biggest advance in 15 years.

Full Story Here:
Social Security Going Up by 2.3 Percent

Well, isn’t THAT special?? We spend BILLIONS in Iraq for a people that don’t want us there, we send BILLIONS to other nations to feed and care for their hungry or homeless, and to help provide health care for foreigners but our own retired and disabled get a 2.3% increase in their benefits, I am almost moved to tears by the generosity of the federal government…

For folks my age and older Social Security is what we were told was our retirement options, we didn’t have all the super-duper financial advice and electronic advantages that the young folks have today, we weren’t encouraged to do IRA’s and set up our own retirement like kids are today, we worked jobs for years and took the company retirement or service retirement and at 65 we expect Social Security to kick in and pay US back for all the years we payed in to it…

And God help the poor guy that is on Social Security disability and that’s the only source of income, you make just enough to survive and too much to get food stamps and welfare…

And for any asshat that thinks Social Security is a hand out or welfare, think again, if you went to work today, YOU paid Social Security tax, it’s YOUR money, it’s MY money, it’s OUR money and we’re never going to see the bulk of it back to us, welfare is for the no working lazy bastards that want everyone to do it for them, the entitled that think they are OWED something, the welfare baby makers, the people that have kids one right after the other because they KNOW that every kid will get them another WELFARE check, that is NOT what Social Security is all about, Social Security recipients EARNED their check, by God, they WORKED for it…

Social Security funds are robbed to fund other projects I suspect, they have to fund Iraq from somewhere, and what the hell, Seniors say cat food isn’t too bad with a bit of onion and salt, Bon Apetite’…


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