photo by Matti Mattila
It’s been extensively reported that would-be Secretary of the Treasury Timothy Geithner neglected to pay self-employment taxes from 2001 through
2004. Strike one.
But Geithner has also admitted to cleverly – but illegally –deducting the cost of his kid’s summer camp as a “child care” expense. Strike two.
In addition, he neglected to pay taxes and penalties on an early withdrawal from a retirement plan. Strike three.
Finally, he took an improper business deduction, an improper charitable-contribution deduction, and tried to deduct personal utility costs. Strikes four, five and six.
Fact is, Geithner has a 15-year record of dodging taxes by taking deductions that range from highly aggressive to obviously illegal to fanciful.
Way to go, Mr. Geithner. We consider you an inspiration to small taxpayers everywhere. Make no mistake – we think you’re a crook, but you’re an inspirational crook.
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