Comments on: Could Tax Problems Trip up the Confirmation of the Best Candidate for Treasury Secretary? http://moneymorning.com/2009/01/19/timothy-geithner/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Punitive Tax Rates of 90% Could Cause More Problems Than They Cure http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4830 Punitive Tax Rates of 90% Could Cause More Problems Than They Cure Tue, 24 Mar 2009 10:30:12 +0000 http://www.moneymorning.com/?p=4397#comment-4830 [...] Why should he not get the full joy of paying the taxes he imposes (and there’ll be no forgetting about those tax payments this time around, Mr. Treasury [...] [...] Why should he not get the full joy of paying the taxes he imposes (and there'll be no forgetting about those tax payments this time around, Mr. Treasury [...]

]]> By: The Obama Blueprint for Solving the U.S. Financial Crisis http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4829 The Obama Blueprint for Solving the U.S. Financial Crisis Wed, 18 Mar 2009 19:48:41 +0000 http://www.moneymorning.com/?p=4397#comment-4829 [...] that Geithner failed to pay $34,000 in taxes while employed by the International Monetary Fund (IMF) several years ago derailed Senate [...] [...] that Geithner failed to pay $34,000 in taxes while employed by the International Monetary Fund (IMF) several years ago derailed Senate [...]

]]> By: Geithner Promises TARP Overhaul, Regulatory Changes to Solve “Mother of All Financial Crises” http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4828 Geithner Promises TARP Overhaul, Regulatory Changes to Solve “Mother of All Financial Crises” Wed, 18 Mar 2009 19:45:02 +0000 http://www.moneymorning.com/?p=4397#comment-4828 [...] Geithner said his tax errors were “careless” and unintentional, and he apologized to the committee for the toll they have taken on his confirmation process. As reported by Money Morning on Jan. 19, Geithner actually placed phone calls to individual senators, hoping to persuade them his tax problems were th.... [...] [...] Geithner said his tax errors were "careless" and unintentional, and he apologized to the committee for the toll they have taken on his confirmation process. As reported by Money Morning on Jan. 19, Geithner actually placed phone calls to individual senators, hoping to persuade them his tax problems were th…. [...]

]]> By: James Yamaki http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4827 James Yamaki Sat, 24 Jan 2009 17:34:04 +0000 http://www.moneymorning.com/?p=4397#comment-4827 Shah Gilani for Treasury Secretary. Ooops, Timothy Geithner was confirmed. Shah Gilani for Treasury Secretary. Ooops, Timothy Geithner was confirmed.

]]> By: Jutia Group - Market Jitters & Political Critters http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4826 Jutia Group - Market Jitters & Political Critters Wed, 21 Jan 2009 15:08:23 +0000 http://www.moneymorning.com/?p=4397#comment-4826 [...] that Geithner failed to pay $34,000 in taxes while employed by the International Monetary Fund (IMF) several years ago derailed Senate [...] [...] that Geithner failed to pay $34,000 in taxes while employed by the International Monetary Fund (IMF) several years ago derailed Senate [...]

]]> By: Jutia Group - Market Jitters & Political Critters http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4824 Jutia Group - Market Jitters & Political Critters Tue, 20 Jan 2009 15:35:16 +0000 http://www.moneymorning.com/?p=4397#comment-4824 [...] Paulson Jr. Obama also is surrounded by economic advisors in New York Fed President Tim Geithner, Larry Summers and former Fed Chairman Paul A. Volcker, who all are committed to a free market [...] [...] Paulson Jr. Obama also is surrounded by economic advisors in New York Fed President Tim Geithner, Larry Summers and former Fed Chairman Paul A. Volcker, who all are committed to a free market [...]

]]> By: Kevin Beck http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4825 Kevin Beck Tue, 20 Jan 2009 11:42:26 +0000 http://www.moneymorning.com/?p=4397#comment-4825 If Geithner is the most qualified, then Henry Paulson and Ben Bernanke are geniuses. Geithner is as qualified as those two bums for dog catcher. A possible solution would be to separate the Department of Treasury from the Internal Revenue Service. Then next year, we can take the step of dismantling the Internal Revenue Service and replacing our current system with the Fair Tax. If Geithner is the most qualified, then Henry Paulson and Ben Bernanke are geniuses. Geithner is as qualified as those two bums for dog catcher.

A possible solution would be to separate the Department of Treasury from the Internal Revenue Service. Then next year, we can take the step of dismantling the Internal Revenue Service and replacing our current system with the Fair Tax.

]]> By: GARY CARNES http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4823 GARY CARNES Tue, 20 Jan 2009 00:58:05 +0000 http://www.moneymorning.com/?p=4397#comment-4823 I'm sure that Tim Geithner leads an extremely busy life, and most likely accepts and signs his accountants presentation of his tax prep, probably without going over it line by line. It's called delegation! The issue should not excuse Geithner from hiring more professional tax person in the future, but it's not enough of an issue to strike him from appointment to the secretary treasury post. If the people of this country and the congress really were serious about cleaning up the dishonesty in bus- iness and politics, a good first step might be to remove the distinction between prison and 'white collar detention'. Of course that will never happen because the people of influence surely reserve that white glove purgatory 'just in case'! I think that when the big bad boys are caught inflicting pain on the public they should room with the really 'big bad boys!! I'm sure that Tim Geithner leads an extremely busy
life, and most likely accepts and signs his accountants
presentation of his tax prep, probably without going
over it line by line. It's called delegation! The issue should
not excuse Geithner from hiring more professional tax
person in the future, but it's not enough of an issue to
strike him from appointment to the secretary treasury
post.
If the people of this country and the congress really
were serious about cleaning up the dishonesty in bus-
iness and politics, a good first step might be to remove
the distinction between prison and 'white collar detention'.
Of course that will never happen because the people of
influence surely reserve that white glove purgatory 'just
in case'! I think that when the big bad boys are caught
inflicting pain on the public they should room with the
really 'big bad boys!!

]]> By: Charles Gimbel http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4818 Charles Gimbel Mon, 19 Jan 2009 22:47:14 +0000 http://www.moneymorning.com/?p=4397#comment-4818 The financial problems our country faces are greater than any one of us. It is unfortunate that Geithner evaded taxes, and he should pay them even at this late date - if the liability is accurate. It is possible that hiring an illegal was simply not doing due diligence in vetting the employee. And, the tax issue could be related to the absolutely convoluted tax code. At any other time in recent history, this could be a ligitimate and contentious issue that could easily result in having him step down. For the good of our country, I hope this will not happen. Barack Obama's intent is to hit the ground running on Wednesday, and in Geithner he has a parson who is already up to speed, and in the run. The problems of the person are more ominous, and Geithner is probably the most talented and up to speed person for the position. Let us not call for a change for the candidate in this position, because this kind of change is not in the best interest of the United States of America. Most Americans, and most of the world, are look to Obama for the leadership to deliver us from this chaos. With that thought, I would object to placing obstacles in his path particularly in endorsing a candidate in such a key position. The financial problems our country faces are greater than any one of us. It is unfortunate that Geithner evaded taxes, and he should pay them even at this late date – if the liability is accurate. It is possible that hiring an illegal was simply not doing due diligence in vetting the employee. And, the tax issue could be related to the absolutely convoluted tax code.

At any other time in recent history, this could be a ligitimate and contentious issue that could easily result in having him step down. For the good of our country, I hope this will not happen. Barack Obama's intent is to hit the ground running on Wednesday, and in Geithner he has a parson who is already up to speed, and in the run. The problems of the person are more ominous, and Geithner is probably the most talented and up to speed person for the position.

Let us not call for a change for the candidate in this position, because this kind of change is not in the best interest of the United States of America. Most Americans, and most of the world, are look to Obama for the leadership to deliver us from this chaos. With that thought, I would object to placing obstacles in his path particularly in endorsing a candidate in such a key position.

]]> By: Steveb Day http://moneymorning.com/2009/01/19/timothy-geithner/comment-page-1/#comment-4821 Steveb Day Mon, 19 Jan 2009 22:16:36 +0000 http://www.moneymorning.com/?p=4397#comment-4821 Reference to "most qualified" in any position or level of authority is almost impossible to justify! Consider the "most qualified" who orchestrated this financial disaster; bank leaders, asleep at their desk politicians, real estate professionals, property appraisers, stock brokers and market analysts, the automotive industry, etc,etc. What America needs is truth, justice and a real change...not a silly tax break that puts $10-$20 in our pockets each week...come on and get real!! Is this the best solution that the "most qualified for president" could come up with? Reference to "most qualified" in any position or level of authority is almost impossible to justify! Consider the "most qualified" who orchestrated this financial disaster; bank leaders, asleep at their desk politicians, real estate professionals, property appraisers, stock brokers and market analysts, the automotive industry, etc,etc. What America needs is truth, justice and a real change…not a silly tax break that puts $10-$20 in our pockets each week…come on and get real!! Is this the best solution that the "most qualified for president" could come up with?

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