compiled & edited by Daniel Hagadorn
As tax time approaches, we would do well to remember some recent history.
During his confirmation as Secretary of the Treasury (2009-2013), it was disclosed Timothy Geithner had not paid $35,000 in Social Security and Medicare payroll taxes from 2001 through 2004 while employed at the International Monetary Fund. Neither did thousands of taxpayer-funded federal employees (although I believe that honorably-discharged veterans should receive lifetime exemptions from paying taxes). However, you and I would face steep criminal penalties, including fines and imprisonment, as well as civil penalties. It must be nice to work for the government.
In fact, as of 2012, the federal government employed 2.8 million workers (excluding military personnel). Of course, as we discovered from last years “government shutdown”, more than 800,000 of that number were deemed “non-essential personnel.” There’s money well spent [insert sarcasm here].
Oh, and keep asking your accountant for the “Geithner Exemption”–it might actually be somewhere in the 73,954 pages of tax code.
Today on Capitol Hill, the House Ways and Means Committee submitted recommendations to the Department of Justice regarding criminal charges and prosecution for Lois Lerner, the former head of tax exempt groups at the IRS. Committee members have stated they possess evidence proving Lerner broke the law during inappropriate targeting of conservative groups between 2010 and 2012. After multiple Congressional probes and numerous questions by Congress, she admitted during a conference in 2013 that the IRS had in fact, inappropriately targeted conservative groups.
Tomorrow, the House Oversight Committee will vote on whether to hold Lerner in contempt for failing to cooperate with Congress.
Not to worry though, because President Obama has already assured the American people that there is “not even a smidgen of corruption” at the IRS.
Whew! I sure feel better about the Internal Revenue Service…especially considering they will be the ones enforcing the penalties for failing to enroll in Obamacare.