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Terry McAuliffe's Conversation with Virginians


Causes and candidates supported by Heidi Li

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January 15, 2009

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ainnj

Thanks Heidi. Regardless of how similar the situation may become, Mr. Obama will undoubtedly come out smelling like roses. This does remind though that I used to have a Spiro T. Agnew watch. At 12:00 it looked like he was picking his nose. That watch would probably be worth a fortune today.
For some reason this also makes me think about the current VP-elect and the regulations (or lack thereof) concerning interest rates and the credit card industry. That might make an interesting research paper.

purplefinn

Heidi Li, thanks for holding their feet to the fire.

JTurner

My problem with Geithner's oversight, if you will, is that the International Monetary Fund (IMF) issues manuals to its employees about taxes and pays employees an allowance, called gross-ups, for the taxes they need to report. This wasn't a new situation at the IMF or recent IRS law as far as earnings by a US citizen from a non-US employer. It goes to Geithner's character that he did not report the income. When Geithner was presented with a situation that would demonstrate his character, he failed in my opinion. I believe it has been said that "it is with trifles, and when he is off guard, that a man best reveals his character."

navyvet48

JTurner has it correct. IMF issues manuals...even Geithner admits that. I have been subject to self employment tax...my current tax program asks me if there is other income that is taxable. Any good accountant or tax preparer knows there is a line for self-employment income. It can't be missed...

Geithner did not report this income but the IMF did on a W-2 which is required! by law! and that is how the IRS got him...

If this were you and me...our paychecks would be garnished, our bank accounts raided and liens put on our homes or quite possibly the sale of them. This man made nearly $400,000 per years...What took him so long to pay off his tax debt? Why did it take him 2 years to settle and start paying back taxes?

His actions demonstrated his charcter as JTurner says above and he failed...Where is Geithner's honesty and integrity...missin

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