Jan 222009

Let’s talk politics for a moment!

And so it begins….
A president is required by the Constitution to say, “I do solemnly swear that I will faithfully execute the office of president of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”

Barack Obama has called for openness, and more freedom. However, in an odd twist of fate officials decided to cover their bases and have Obama do the oath over again in the Map room of the White House. Though in an odd decision no video cameras were allowed into this (once again) historic event and only 4 White House staff reporters witnessed the event. After a flawless recitation that included no Bible (as no one thought to bring one) and took 25 seconds, Roberts smiled and said, “Congratulations, again.”


Ayers turned back at the Canadian border?
Apparently William Ayers, one time friend, one time terrorist and supporter of Barack Obama was turned away by Canadian Border Services on Sunday. Former member of the Weather Underground a 1960’s radical group. Officials say it was for a 1969 Felony arrest but Ayers says he was never convicted of a felony just “Several misdemeanors”.


Timothy F. Geithner says he did his taxes using TurboTax, off the shelf tax software for the common man. Geithner’s tax returns from 2001 through 2004 have become an embarrassment, if not a stumbling block to his confirmation. A 2006 IRS audit informed Geithner that he had failed to pay self-employment taxes in ’03 and ’04, when he directed the International Monetary Fund’s policy development and review department. While being vetted for Treasury secretary late last year, he was told he made the same errors on his ’01 and ’02 returns.

He calls them “careless mistakes” that he should have caught and has paid $42,702 in back taxes. Sen. Jon Kyl (R-Ariz) thinks he tried to wait out the statute of limitations on audits. Geithner said: “I did not believe I had the obligation to go back. .

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Is TurboTax at fault?
Intuit, the company that makes TurboTax, released a statement yesterday, suggesting the fault was Geithner’s: “TurboTax, and all software and in-person tax preparation services, base their calculations on the information users provide when completing their returns. TurboTax also has built-in, error-checking tools that routinely catch common taxpayer mistakes.”

“The system is not going to stop and ask you, ‘Do you work for an international organization that only paid half of your withholding?’ ” said Fernando Flores, a research assistant at the U.N. Economic Commission for Latin America and the Caribbean. “I always thought I was an employee of the IMF,” not a contactor, Geithner said yesterday, an assumption he now admits was a mistake.

Flores, who has used TurboTax for years, said employees of international agencies are not given W-2 forms. They instead get a statement of earnings and are typically told at hiring that they are responsible for paying their portion of self-employment tax, which Geithner failed to do.

You be the judge, should a man who received a tax credit for child care for sending his kid to summer camp be allowed to be the big “Tax Man”? over all of us? I think that we could do a little better and find another more competent candidate.


 Posted by at 9:55 am

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