Wednesday, August 26, 2009

Not All American Equal in the Eyes of Tax Laws


You might recall Timothy Geithner, the U.S. Treasury Secretary, had a bit of tax trouble that was aired during his Senate confirmation. He claimed that he use TurboTax , which overlooked portion of his income, resulting in the final error. Well, that was just a fine excuse for him, and he now has the office, end of story. He had 'overlooked' 50,000 dollars worth of income and was later audited.
Recently, two Ohio residents made a similar claim, saying the software overlooked items and that is why their 2006 taxes were incorrect. Too bad for them they weren't seeking to overlook the financial matters of the entire country, because for them, a federal court rejected the same claim.

It is a shame that we have different classes of people in the United States, each with a different set of laws with which to abide.
http://www.bloomberg.com/apps/news?pid=20603037&sid=aBusmy.JWs_Q

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