Obama Nominations

[dellinger63]

wow after Richardson, Pinetta, Hillary and Rahm (anyone file a missing person report yet) we get two more tainted Noms one of who may become Atty General a la Janet Reno? Love the idea of a Treasury Sec who doesn't pay taxes. At least Rahm doesn't have to be confirmed

http://www.chicagotribune.com/news/c...,6307365.story

http://www.iht.com/articles/2009/01/...transition.php

*waits for the morons to defend*

[GBBob]

Originally Posted by Coach Pants

*waits for the morons to defend*

monkey see doesn't equal monkey do..

I've given up on Steve...Will let him exhibit his hard on daily and put him on iggy until I see him at the track

[Danzig]

you would think a guy with that much involvement in financial affairs would be 'up' on what taxes he's liable for....i disagree with baucus' contention that he'll sail right thru the confirmation process.

[dellinger63]

Originally Posted by GBBob

monkey see doesn't equal monkey do..

I've given up on Steve...Will let him exhibit his hard on daily and put him on iggy until I see him at the track

I can PM you when it's about Republicans but you probably can't read this.

[jwkniska]

Originally Posted by Danzig

you would think a guy with that much involvement in financial affairs would be 'up' on what taxes he's liable for....i disagree with baucus' contention that he'll sail right thru the confirmation process.

he'll probably get thru pretty easy, although the idea of the guy running the IRS that won't even pay his own taxes makes me sick.

[Danzig]

well, it doesn't make me sick. he did pay all the taxes and penalties...of course i'd rather the got it all right to begin with.

[dellinger63]

it's the 'do as I say not as I do' mentality shared by most politicians regardless of which side of the isle they sit on. Heck even 'Mr. Clean' Roland Burris went on an anti-gun crusade only later admitting he had a hand gun in his house but 'forgot' about it. That's true gangsta'.

[gales0678]

Originally Posted by Danzig

well, it doesn't make me sick. he did pay all the taxes and penalties...of course i'd rather the got it all right to begin with.

the code is too complex Geithner , charle rangel , even Prescott Bush years ago had tax issues if i remember right

here is what s/b done , but , won't be by either party



very simple Barack new federal taxes on income

if you make under 50K it is zero

if you make under 100k it is 10 %

if you make under 250k it is 25%

if you make under 1mm its is 35 %

if you make > than 1mm it is 40%

all taken out of paycheck by employer - no more deductions - no more need for anyone to ever have to file

if self employed - must pay quaterly

this would eliminate the need for the IRS

but this is too easy a solution for either party to see because both parties get big $$$ from co's interested in keeping the tax code so complex that the man who is going to run the US Tresaury dep't can't even explain to a 3rd grader how to pay his own taxes

[ArlJim78]

i think we have to stop making excuses for people. i keep hearing how bright this guy is, well if he is so bright he should have known better. I'm sure Madoff was a bright guy too, also Paulson. I have a problem with putting a guy in charge of the irs that was a little careless with is own return, at best, or who tried to take advantage of the system. there are too many people ripping off the country at this point and somebody needs to stand up and say enough is enough, and let's have some higher standards. this is not partisan because I think the current guy should be behind bars. this country is going down the toilet because nobody seems to know right from wrong anymore.

[Danzig]

Originally Posted by gales0678

the code is too complex Geithner , charle rangel , even Prescott Bush years ago had tax issues if i remember right

here is what s/b done , but , won't be by either party



very simple Barack new federal taxes on income

if you make under 50K it is zero

if you make under 100k it is 10 %

if you make under 250k it is 25%

if you make under 1mm its is 35 %

if you make > than 1mm it is 40%

all taken out of paycheck by employer - no more deductions - no more need for anyone to ever have to file

if self employed - must pay quaterly

this would eliminate the need for the IRS

but this is too easy a solution for either party to see because both parties get big $$$ from co's interested in keeping the tax code so complex that the man who is going to run the US Tresaury dep't can't even explain to a 3rd grader how to pay his own taxes

the code may be complex, but i don't think it's too much to ask that the guy running Treasury be able to comprehend that code enough to pay his taxes correctly. isn't the saying 'ignorance of the law is no excuse'? what, he worked out of country, he thought he got a pass on that stuff? now, i'm glad he paid it back-but i would think it would cause some hesitation in the confirmation process. if it ends up not being enough of an issue to keep a (hopefully) good choice out, fine. but i think they should check it out more fully before giving the guy the green light.

[jwkniska]

Originally Posted by Danzig

isn't the saying 'ignorance of the law is no excuse'? what, he worked out of country, he thought he got a pass on that stuff?

he was given the $$ to cover all the taxes on it, so that it would have been basically tax free... and instead of paying the IRS, he pocketed it.

[gales0678]

Originally Posted by Danzig

the code may be complex, but i don't think it's too much to ask that the guy running Treasury be able to comprehend that code enough to pay his taxes correctly. isn't the saying 'ignorance of the law is no excuse'? what, he worked out of country, he thought he got a pass on that stuff? now, i'm glad he paid it back-but i would think it would cause some hesitation in the confirmation process. if it ends up not being enough of an issue to keep a (hopefully) good choice out, fine. but i think they should check it out more fully before giving the guy the green light.

true true true

politics as usual in Wash

[Danzig]

Originally Posted by jwkniska

he was given the $$ to cover all the taxes on it, so that it would have been basically tax free... and instead of paying the IRS, he pocketed it.

just read in the paper here (it originally was from bloomberg) that he was given a pamplet regarding how to take care of these very taxes he ended up having to pay late, as well as penalties.
it also said he didn't pay a portion of what was owed until he found that he was the nominee for treasury.

[Rileyoriley]

Originally Posted by ArlJim78

i think we have to stop making excuses for people. i keep hearing how bright this guy is, well if he is so bright he should have known better. I'm sure Madoff was a bright guy too, also Paulson. I have a problem with putting a guy in charge of the irs that was a little careless with is own return, at best, or who tried to take advantage of the system. there are too many people ripping off the country at this point and somebody needs to stand up and say enough is enough, and let's have some higher standards. this is not partisan because I think the current guy should be behind bars. this country is going down the toilet because nobody seems to know right from wrong anymore.

Well said.

[Nascar1966]

Dont know about everyone else but I will probably watch one of the following during the inauguration:

Cartoon Network
HRTV
TVG

More entertainment value.

[Danzig]

i'll be at work.

[joeydb]

Originally Posted by gales0678

the code is too complex Geithner , charle rangel , even Prescott Bush years ago had tax issues if i remember right

here is what s/b done , but , won't be by either party



very simple Barack new federal taxes on income

if you make under 50K it is zero

if you make under 100k it is 10 %

if you make under 250k it is 25%

if you make under 1mm its is 35 %

if you make > than 1mm it is 40%

all taken out of paycheck by employer - no more deductions - no more need for anyone to ever have to file

if self employed - must pay quaterly

this would eliminate the need for the IRS

but this is too easy a solution for either party to see because both parties get big $$$ from co's interested in keeping the tax code so complex that the man who is going to run the US Tresaury dep't can't even explain to a 3rd grader how to pay his own taxes

Why not just ONE rate? Earn twice as much, pay twice as much. Earn half as much, pay half as much. Put in a poverty line offset -- don't count first 50k or so.

Doesn't get any fairer than that. Because "fair" cannot be defined, but "proportional" is easy to implement and tough to argue with.