Results 1 to 5 of 5
  1. #1 "None Of These Liberal Bums Pay Their Taxes, Just The 'Little' People !" 
    An Adversary of Linda #'s
    Join Date
    Aug 2005
    Posts
    22,891
    Trade nominee Ron Kirk agrees to pay back taxes

    WASHINGTON Ron Kirk, nominated as U.S. Trade Representative in the Obama administration, owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to make his payments, the Senate Finance Committee said Monday.The committee said the taxes arise from Kirk's handling of speaking fees that he donated to his alma mater, and for his deduction of the full cost of season tickets to the Dallas Mavericks professional basketball team.

    The disclosure made the former Dallas mayor the latest in a string of top-level Obama administration appointees found to have underpaid their taxes, following Treasury Secretary Tim Geithner and Tom Daschle, who withdrew as candidate for Health and Human Services secretary. Nancy Killefer, Obama's pick for chief performance officer, also bowed out amid tax problems.White House spokesman Ben LaBolt said Kirk was working to clear up "a few minor issues" uncovered by the committee and expressed confidence he would be confirmed.

    Despite the error, Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, issued a statement calling Kirk "the right person for this job," and said he would attempt to have the nomination moved through the panel quickly.Kirk routinely gave any speaking fees he earned to Austin College, the committee said, and did not list them on his tax returns.

    Instead, the committee said he should have listed the fees as income, then claimed them as charitable donations. The estimated effect was to reduce Kirk's tax bill by an estimated $5,800, according to the report.Kirk also deducted more than $17,000 as entertainment expenses for the cost of Mavericks' tickets. The committee said he substantiated about $9,900 of that amount, and will owe about $2,600 in taxes on the balance.

    The committee said that last fall, Kirk amended his income tax return for 2006, paying an additional $2,188 in tax and $139 in interest after a notification from the Internal Revenue Service. The return was filed by a paid tax preparer, the panel added.
    http://news.yahoo.com/s/ap/20090302/...rk_taxes/print
    Reply With Quote  
     

  2. #2  
    CU's Tallest Midget! PoliCon's Avatar
    Join Date
    Aug 2008
    Location
    Pittsburgh PA
    Posts
    25,328
    There's a reason why the lefties never object to raising taxes - none of them pay their taxes anyhow unless they want a government appointment.
    Stand up for what is right, even if you have to stand alone.
    Reply With Quote  
     

  3. #3  
    Banned
    Join Date
    May 2008
    Posts
    11,970
    Quote Originally Posted by megimoo View Post
    Trade nominee Ron Kirk agrees to pay back taxes


    The committee said that last fall, Kirk amended his income tax return for 2006, paying an additional $2,188 in tax and $139 in interest after a notification from the Internal Revenue Service. The return was filed by a paid tax preparer, the panel added.
    http://news.yahoo.com/s/ap/20090302/...rk_taxes/print
    What I find extremely confusing is how the IRS computed the Interest on the $2,188. $139 comes out to be 6.3% interest on the tax for a period of around 15 to 16 months. Having computed interest on taxes many times as an auditor, the interest should have been more than double that amount. Looks like another privileged DC Democratic character to me.
    Reply With Quote  
     

  4. #4  
    An Adversary of Linda #'s
    Join Date
    Aug 2005
    Posts
    22,891
    Quote Originally Posted by lacarnut View Post
    What I find extremely confusing is how the IRS computed the Interest on the $2,188. $139 comes out to be 6.3% interest on the tax for a period of around 15 to 16 months. Having computed interest on taxes many times as an auditor, the interest should have been more than double that amount. Looks like another privileged DC Democratic character to me.
    How about the penalty's ? If it were you or I there would be substantial penalty's !
    Reply With Quote  
     

  5. #5  
    CU's Tallest Midget! PoliCon's Avatar
    Join Date
    Aug 2008
    Location
    Pittsburgh PA
    Posts
    25,328
    One thing that has always confused me - if the left want higher taxes so badly - why don't they ever put their money where their mouths are? No - instead of not taking deductions and paying more than the minimum - they cheat and dodge the taxes they claim to support.
    Stand up for what is right, even if you have to stand alone.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •