PROOF THAT THE TREASURY SECRETARY IS A TAX CHEAT
Congressman Charles Rangel (D-NY) is Chairman of the House Ways and Means Committee, which is responsible for writing federal tax legislation. Last September, he admitted he did not pay the required income taxes on some of his private income (Caribbean rental properties, etc.).
Although Republicans demanded he resign his chairmanship, Speaker Nancy Pelosi firmly supported Rangel.
Yesterday (1/27), Timothy Geithner was sworn in as Treasury Secretary, despite the fact did not pay $34,023 in self-employment taxes from 2001 to 2004 when he worked at the International Monetary Fund.
Geithner said that his failure to pay self-employment tax was due to mistakes made by his individual tax return preparation software, which he identified in his testimony during his Senate confirmation hearing as Turbo Tax.
This is a provable lie. And it gives the Republicans a golden opportunity: to introduce the "Rangel-Geithner Equal Treatment Under The Tax Law Bill."