"Tim the Tax Cheater" is Obama's Answer to "Joe the Plumber"
Well, Obama survived Joe and was elected President by a solid number and is well on his way to appointing his new Cabinet. His choices have been surprisingly conventional. Most have strong academic credentials and big business backgrounds, although few have any experience making payroll for employees (something that I think most Americans would like to see in their governing leaders).
The President Elect's choice for Treasury is Tim Geithner, who was considered some what of a moderate choice and was even a George Bush appointee for another office. Most considered him a "shoe in" until it was discovered that Geitner didn't pay his self-employment taxes for four years. According to Time.com: "Before becoming President of the Federal Reserve Bank of New York, Geithner worked for the International Monetary Fund in 2001 and 2003. While he had paid all of his income taxes on his IMF earnings, he failed to pay self-employment taxes. (Geithner had initially done his tax returns himself, but an accountant preparing an amended return in 2002 also failed to catch the mistake.) Geithner voluntarily corrected that mistake upon discovering it on November 21, 2008, during the Obama transition vetting process, and paid an additional $25,970 as a result."
Kevin Price is a syndicated columnist whose articles frequently appear at ChicagoSunTimes.com, Reuters.com, USAToday.com, and other national media. Kevin Price is Host of the Price of Business (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at PriceofBusiness.com. Visit the archive of past shows here.
Labels: Barack Obama, Joe the Plumber, Joe Wurzelbacher, Secretary of Treasury, Tax cheat, Tim Geithner









