U.S. Treasury Pick Failed to Pay $34,000 in Taxes – Just Another Politician’s Honest Mistake?
Wednesday, January 14th, 2009President-elect Barack Obama called Timothy Geithner’s tax problems an “embarrassment,” but also referred to the situation as an “innocent mistake.” So don’t expect Geithner’s $34,000 tax bill to disqualify him from the new administration’s Treasury Secretary appointment.
According to reports, Geithner failed to pay self-employment taxes for money he earned from 2001 to 2004 while working for the International Monetary Fund.
News reports state that the amount that Geithner paid was $16,000
