1. You can either cut the government a check
2. You can contact the IRS and set up a payment plan
3. You can knowingly withhold those taxes until the demand is too large to ignore, and then you can request a Geithner waiver.
Treasury Secretary-designate Timothy Geithner apologized for his $34,000 tax mistake . He said, “These were careless mistakes. They were avoidable mistakes. But they were unintentional. I should have been more careful.”
I take him at his word. That’s why he should not be confirmed as Treasury Secretary.
We should first notice that $34,000 is not a small amount. And that is the tax, not the underlying income on which tax was not paid. As Treasury Secretary he would be in charge of the IRS.
Is this an example of President Obama’s new ethics?
No, it’s the recurring example of liberal elitism, with a little change and hope tossed in.