June 23, 2010
It's the little things that lead to the big explosion
It's pretty well established that the popular mood is turning ugly and vicious. I would state that it is doing so with good reason. Reasons such as the Tax Court rejecting the Geithner/Turbo Tax defense for a normal US taxpayer.
Here's the footnote that really twists the knife:
Here's the thing - it's obvious to pretty much everyone up to and including blind monks in Tibet that Geithner got the treatment he did because of who he was. I appreciate the Tax Court not wanting to delve into that mess. But the reality of it is that this is Exhibit 34,293,093 that The Little People are treated differently.
It's getting ugly out there. It's going to get worse.
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Here's the footnote that really twists the knife:
Fn.15: We shall address briefly petitioner's contention that the IRS
granted "favorable treatment" in a case involving U.S. Secretary of the
Treasury Timothy Geithner, which petitioner described as "incredibly
similar" to the instant case. According to petitioner, "there should not
be different, or favorable rules for the well-connected". The record in
this case does not establish any facts relating to the case to which
petitioner refers involving U.S. Secretary of the Treasury Timothy
Geithner. In any event, those facts would be irrelevant to our
resolution of the issue presented here. Regardless of the facts and
circumstances relating to the case to which petitioner refers involving
U.S. Secretary of the Treasury Timothy Geithner, petitioner is required
to establish on the basis of the facts and circumstances that are
established by the record in his own case that there was reasonable
cause for, and that he acted in good faith with respect to, the
underpayment for each of his taxable years 2005 and 2006 that is
attributable to his failure to report self-employment tax.
Here's the thing - it's obvious to pretty much everyone up to and including blind monks in Tibet that Geithner got the treatment he did because of who he was. I appreciate the Tax Court not wanting to delve into that mess. But the reality of it is that this is Exhibit 34,293,093 that The Little People are treated differently.
It's getting ugly out there. It's going to get worse.
Posted by: alexthechick at
10:37 AM
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