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Tax Problems Surface for Trade Rep. Nominee KirkFormer Dallas mayor Ron Kirk, who is President Obama's nominee to be the U.S. Trade Representative, failed to pay almost $10,000 in taxes during the past three years because of a series of mistakes, the Senate Finance Committee announced today.Kirk's errors involved honoraria from speeches, on which he should have paid taxes; the cost of sports games, for which he deducted too much; and improper treatment ofaccounting fees on his income taxes. Kirk has agreed to file amended returns.The news about Kirk's mistakes comes as tax-related issues have become a topic of great sensitivity for the administration, following incidents with several high-profiled appointees whose nominations were threatened or derailed because of tax mistakes.More
Silly me, I pay my taxes the way the laws say to do it. I should just stop and wait until I get caught, then just apologize, blame it on mistakes and file amended returns. Never mind, I'm not a demonrat.
WASHINGTON – Ron Kirk, nominated as U.S. Trade Representative in the Obama administration, owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to make his payments, the Senate Finance Committee said Monday.The committee said the taxes arise from Kirk's handling of speaking fees that he donated to his alma mater, and for his deduction of the full cost of season tickets to the Dallas Mavericks professional basketball team.The disclosure made the former Dallas mayor the latest in a string of top-level Obama administration appointees found to have underpaid their taxes, following Treasury Secretary Tim Geithner and Tom Daschle, who withdrew as candidate for Health and Human Services secretary. Nancy Killefer, Obama's pick for chief performance officer, also bowed out amid tax problems.White House spokesman Ben LaBolt said Kirk was working to clear up "a few minor issues" uncovered by the committee and expressed confidence he would be confirmed.Despite the error, Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, issued a statement calling Kirk "the right person for this job," and said he would attempt to have the nomination moved through the panel quickly.Kirk routinely gave any speaking fees he earned to Austin College, the committee said, and did not list them on his tax returns.Instead, the committee said he should have listed the fees as income, then claimed them as charitable donations. The estimated effect was to reduce Kirk's tax bill by an estimated $5,800, according to the report.Kirk also deducted more than $17,000 as entertainment expenses for the cost of Mavericks' tickets. The committee said he substantiated about $9,900 of that amount, and will owe about $2,600 in taxes on the balance.The committee said that last fall, Kirk amended his income tax return for 2006, paying an additional $2,188 in tax and $139 in interest after a notification from the Internal Revenue Service. The return was filed by a paid tax preparer, the panel added.
Please lock this if it can`t be removed.It was already posted.... http://www.conservativecave.com/index.php/topic,23214.0.htmland I missed it.
WTF, has the Messiah's handlers ever heard of vetting a nominee prior to anouncing the nomination? This admin is going to make Carter's reign of error look good.
There's a reason why patriotism is considered a conservative value. Watch a Tea Party rally and you'll see people proudly raising the American flag and showing pride in U.S. heroes such as Thomas Jefferson. Watch an OWS rally and you'll see people burning the American flag while showing pride in communist heroes such as Che Guevera. --Bob, from some news site
