Thursday, January 15, 2009

Taxman

It makes me feel kinda warm and fuzzy that the nominee for Treasury Secretary, Timothy Geithner, who essentially will be in charge of the IRS, and who is supposed to be a financial genius, made an "innocent mistake" and failed to pay $34,000 in taxes between 2001 and 2004.

If financial geniuses can make $34,000 mistakes on their favor, get audited by the IRS, get off a couple of years' worth of back-taxes, and then become the IRS' boss, things are good for the rest of us "regular" financial types.

But, since some of Geithner's mistakes were forgiven by the IRS because of the statute of limitations, he actually got off not paying off some of his back taxes. I hereby call for Geithner to donate that tax amount that he should have paid, but didn't because of statute of limitations, to the Smithsonian Institution.

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