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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: J_F_Shepard who wrote (153060)1/26/2009 6:55:13 PM
From: Hope Praytochange  Read Replies (2) of 173976
 
What had been widely expected to be a quick and overwhelming Senate vote of confidence was complicated earlier this month by the disclosure that for the years 2001 to 2004, when he was a senior official at the International Monetary Fund, Mr. Geithner failed to pay federal taxes for Social Security and Medicare. He paid the taxes for 2003 and for some compensation in 2004 after the Internal Revenue Service audited him in 2006, but the statute of limitations had run out on the 2001 and 2002 liabilities.

Mr. Geithner paid those in November after Obama officials vetting his potential nomination raised the matter. He insisted he had made a stupid but innocent mistake, and had been advised in 2004 by an accountant that he did not owe the self-employment taxes. The I.M.F., as an international organization, does not withhold federal taxes for its American employees but does provide detailed statements of their liabilities and provides partial payment, in the expectation that the American employees will use the money to pay the I.R.S.
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