Tuesday, March 03, 2009
Another Dem with tax problems?
Let me be honest.
Ron Kirk is a good man. I think that he is a good appointment. After all, Kirk believes in free trade and NAFTA!
Nevertheless, it is troubling to hear of so many Dems with tax problems.
Let's hear from Professor Caron:
"Add Ronald Kirk, former Dallas mayor and President Obama's U.S. Trade Representative nominee, to the long and growing list of administration nominees and officials with tax problems (Gregory Craig, Tom Daschle, Tim Geithner, Nancy Killefer, and Hilda Solis).
The Senate Finance Committee today released a three-page report detailing various mistakes on Mr. Kirk's 2005-2007 tax returns.
Mr. Kirk has agreed to pay almost $10,000 in additional taxes for, among other things, wrongly deducting $17,000 for season tickets to the NBA Dallas Mavericks and wrongly taking charitable deductions for contributions of honoraria from speaking fees from Austin College even though he had not included the honoraria in his income."
Again, I like Ron Kirk. He is one of those Dems who understands that employers must be created and rewarded.
Nevertheless, it's a bad idea to nominate people who made "tax mistakes" when the BO administration is going to raise taxes.
P.S. Of course, the answer is a flat tax with no deductions. Everybody pays 10% of their income and life goes on. Unfortunately, such an idea won't fly in an BO administration determined "to get even" with rich people!