Monday, February 2, 2009

Democrats Show Its Time For The Flat Tax

Tom Daschle the current nominee for Secretary of Health and Human Services is “deeply embarrassed” about $128,000 in errors on his taxes.

Daschle has amended his returns for 2005, 2006 and 2007, and paid $140,000 in taxes and interest.Daschle refiled his returns Jan. 2 to add unreported consulting fees, unspecified charitable contributions and a car and driver provided by Leo Hindery Jr., a founder of the private-equity firm InterMedia Advisors.

Of course, the Congress recently approved the nomination of Timothy Geithner for Treasury Secretary. Geitner had been at the upper reaches of international finance for more than a decade. He has an MA in international economics from Johns Hopkins SAIS.

The new Treasury Secretary who is also now charge of the Internal Revenue Service failed to pay $34,000 in Medicare and Social Security tax in 2001 through 2004. After being nailed by the IRS in an audit for 2003 and 2004 deficiencies, he still failed to pay what was owed for 2001 and 2002 until he became aware that Obama would nominate him to be Treasury secretary.

Either the tax code is so complex that even these rich Democratic lawyers are making errors,or Barack Obama is nominating tax cheats and the Congress is recklessly approving their nominations to positions of power in the new administration.

If we give the new administration the benefit of the doubt, it seems the Democrats are making a strong case to eliminate the IRS. Indeed Democratic errors on tax returns show that its time for a change and should give everyone new hope for the implementation of the flat tax.

Be sure to read todays Daily Vu: The California Budget Mess Is Spending Unrestrained

No comments: