Daily Reminder: January 13, 2012

On January 13, 2009, the Senate confirmation of Treasury Secretary Timothy Geithner screeched to a halt after the disclosure that Geithner, who as Secretary of the United States Treasury would be in charge of overseeing the Internal Revenue Service, had in fact himself failed to pay more than $34,000 in federal income taxes between 2001 and 2004.

His excuse? Problems with TurboTax, the popular computer-based self-filing tax preparation program. To his credit, Geithner explained that said problems were “my responsibility, not the tax software’s responsibility.”

Nevertheless, despite dismissing the errors as simple “mistakes,” it turns out that while Secretary Geithner was working at the International Monetary Fund, he had been specifically instructed as to exactly how much tax to pay, and yet still managed to fall short. The fact remains that the man who was eventually confirmed as President Barack Obama’s choice to run the Treasury Department—including the I.R.S.—failed to pay years of self-employment and FICA taxes despite being apprised of his tax responsibilities and provided with the requisite forms and instructions on how to follow through.

298 DAYS UNTIL ELECTION DAY
373 DAYS UNTIL JANUARY 20, 2013

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