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Timothy Geithner, whose nomination as Treasury secretary has been delayed by his past failure to pay taxes, was repeatedly advised in writing by the International Monetary Fund that he would be responsible for any Social Security and Medicare taxes he owed on income he earned at the IMF between 2001 and 2004. . . .Oh, great. A Treasury secretary who has to rely on accountants to fill out his 1040. Hell, by that standard, I'm qualified for the Obama Cabinet. Despite the appointee's problems, however, the New York Times assures us that "many senators are loath to rattle financial markets by rejecting someone with Mr. Geithner’s qualifications and international respect."
It's possible some of Mr. Geithner's problems stemmed from bad advice. In 2004, an accountant advised Mr. Geithner in writing that he did not owe employment taxes. An accountant who reviewed Mr. Geithner's 2001 tax return also didn't inform Mr. Geithner he owed taxes, according to an Obama aide familiar with the situation.
It's tautological, you see? Obama nominated a genius to his Cabinet, and we know he's a genius because . . .? Well, after all, Obama nominated him. Quod erat demonstrandum.
UPDATE: Uh, Tim? Watch out for that bus!
From: Prof. Ulysses S. Crockett, Jr., J.D. Boalt Hall UC Berkeley; LL.M. Columbia University School of Law;1985 Visitiing Scholar Hover Institute Stanford University. Incoming Obama Administration selection of Bilderberg-Council On foreign Relations member Timothy Geithner is ill-advised and Geithner should do the right thing and withdraw his name fromm considration for Senate conifirmatin as U.S. Secretary of U.S. Treasury. Geithner is professionally unqualified to serve due to intentioal or negligent failure to pay assessed federal Social Security and Medicare taxes in addition to Immigration law violation for failure to pay employment taxes in the hiring of an immigrant home care worker. As employee of Internatinal Monetary Fund, Geithner must pay to the U.S. Treasury his share of Social Security and Medicare taxes. Each year the tax officer of the IMF, who has held the position for two decades, issues to all employees a certificate indicating the one-half share of Social Security and Medicare taxes to be paid by the IMF and the sahre to be paied by the employee, such as Geithner. Instead of paying Geithner's share of Social Security and Medicare taxes to the federal government, Geithner placed the funds in his personal bank account for the period 2002-2004. It is not credible that Geithner's tax avoidance failure is due to honest mistake or negligent mistake, since he was put onn notice by the IMF tax officer each hear. Accordingly, Geithner's unlawful tax avoidance is the subject of either civil or criminal tax liability. As architecht of the current U.S. depression and finiance system collapse as director of the New York Federal Reserve Board, Geithner has not the professinal akill nor integrity to serve as Treasury Ssecretary of theUnited States. Quod Erad Demnstradum.
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