Monday, February 2, 2009
Epidemic of innocent mistakes
Damn! We can't seem to find any clean politicians. When they fail to pay taxes, they are "oversights" or "Innocent mistakes". So a little oversight on Geithner's part, failed to pay $35,000 self-employment taxes for several years. He paid $15,000 in interest, but no penalties. Hey! Anyone who can get away with bilking the IRS of $35,000 for all those years, AND not pay a penalty must be a financial genius!
Now we have Daschle & his baggage. His post Senate situation prohibited lobbying, so he worked as a "special policy advisor" of a lobbying firm. Daschle did not pay taxes on an additional $83,333 that he earned as a consultant to InterMedia Advisors in 2007,
He also took tax deductions on $14,963 in charitable donations that did not qualify. Daschle just now paid owed taxes and interest -- an amount totaling $140,167 -- in January 2009. No penalties for him either?
Worse, his work was for big pharma. Clearly that is a major breech of the ethics policy Obama rolled out.
#1 No making up different names for lobbying, such as special policy advisor
#2 Does no one else see this as a conflict of interest? The Health & Human services director comes from a position of lobbying for makor pharmaceuticals?
Maybe we can just restore the Federal Treasury by nominating a string of politicians and find their tax oversights? Everyday people have to pay hefty penalties for money owed to the IRS. Do we have special rules for politicians, because it was just an oversight/ mistake?