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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (6316)	2/3/2009 1:39:59 PM
From: TideGlider	Read Replies (2) \| Respond to of 103300

I agree. As he was confirmed for the Treasury seat he should indeed make the back payment a gift if it cannot be collected by the IRS in the current form.

To: pompsander who wrote (6316)	2/3/2009 1:40:48 PM
From: DuckTapeSunroof	Respond to of 103300

Re: "The IRS can't accept money it isn't owed—and after three years, you legally don't owe the money anymore. In all likelihood, the agency will return the unowed back taxes to Geithner," writes Chris Beam. There's IRONY in that, no doubt. Like Judge Learned Hand of the U.S. Court of Appeals in New York said in a famous tax case dissent, when he offered these timeless remarks: "There is nothing sinister in arranging one's affairs so as to keep taxes as low as possible... nobody owes any public duty to pay more than the law demands. Taxes are enforced extractions, not voluntary contributions." [IRS Com. v. Newman, 159 F2d 848, 851 (2nd Cir 1947)]