Online Stock Trading - Obama to Make Taxes Optional !?
In his latest move to bring about change we can believe in, US Savior Barack Obama has chosen Tom Daschle to be Secretary of the Department of Health and Human Services, as a result, in an extraordinary movement of unalloyed and barely credible generosity, Mr Daschle has decided to pay the $128,000 dollars he hadn't paid in taxes dating back to 2005.
"Daschle filed amended tax returns for 2005, 2006 and 2007 to reflect additional income for consulting work, the use of a car service and reduced deductions for charitable contributions. He filed the returns after Obama announced he intended to nominate Daschle to head the Health and Human Services Department."
"Most of the additional taxes resulted from unreported income from the use of a car service ... The unreported income for that service totaled more than $250,000 over three years."
"Daschle also had unreported consulting income of $88,333, in 2007. He also had reductions to charitable contributions totaling about $15,000 over the three years covered,..."
As Mr Daschle is only going to head the Department of Health it's probably no big deal that he has "some tax issues" it's not like he was US Secretary of the Treasury. As far as I know he has not claimed any bouts of 'forgetfulness' and there was no mention of an 'honest mistake'. To paraphrase notorious jailbird Oscar Wilde "To have one forgetful Secretary of State may be regarded as a misfortune; to have two looks like carelessness." So it's a relief to know that Mr Daschle was not forgetful.
Speaking of which please take the time to vote on whether you think forgetful Tim Geithner should be Treasury Secretary, over at GeithnerGate - the split is 80-20 against so far - please click here to vote - GeithnerGate
So, as Mr Obama does not seem concerned at his colleagues' rather cavalier attitude to paying taxes, is he going to make paying taxes optional? Only to be carried out as a last resort? A novel way of saving the economy indeed - but at least there would be no risk of embarrassing lawsuits or criminal convictions and of course people would have more money to go out and buy stuff, maybe even some houses? Now that certainly would be a cunning plan worth voting for, we could do with some change like that over here in the UK, I would certainly believe in it. I do hope Gordon Brown has been paying attention.
I am amazed at the way these things just keep getting swept under the carpet by the Obama administration, as if they didn't matter . It seems as if the incompetent self-serving people who have ruined the economy are now finding their way into government! Like Cramer said anybody else would be doing jail time by now.
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