More Back Tax Issues for an Obama Nominee

Kirk’s tax problems don’t seem to be in the same league as the others. Sounds like he was pretty generous to be giving entire speaking fees to his alma mater. Why does this rate a story?

and the pay-for-play corruption his “urban czar” got busted with today.
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Go back and read the post!
Kirk had told organizations to give speaking fees directly to his alma mater, Austin College. In all, $37,750 of honoraria were not reported as income for tax years 2004, 2005, 2006 and 2007, the Senate Finance Committee reported, saying that Kirk should have accepted the money directly, made the donations himself, and then claimed the cash as charitable donations.
He never even saw this money.

“The president nominated Mayor Kirk because of his proven ability at the negotiating table — building consensus between opposing stakeholders in Dallas and crafting deals to create opportunities for U.S. businesses overseas.
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Truly skillful and proven ability at the games in devising schemes to cheat Uncle Sam on taxes.
Our Greatest Smartest Clueless Leader is so talented and smart in helping the country to identify cheaters and to recover its lost revenues. Viva 0bama!

I once was given an extra penny for change. Surely this is newsworthy! Gawd you people are petty. Guess that’s why most people don’t like you.

Its getting to be a long list of cheats

NoSense sd:
“Gawd you people are petty”
Really, how many lobbyist and tax cheats are you expecting in Barry’s cabinet and at what level of crime should people grow concerned?
Change we can believe in..Aahahhahaaaaaaaaaaaahahaaaaaaaaaaa!!
Look you better go scrub that tramp stamp Obama sticker off your Prius because in a few months people are going to be laughing their arses off at anybody stupid enough to admit the voted for the “mistake”

DALLAS, March 2 (Reuters) – A U.S. court heard on Monday that the health of [Republican] Allen Stanford’s financial empire was worse than feared while Antigua and Barbuda’s government moved to seize an island owned by the Texas billionaire accused of an $8 billion fraud.
The estate’s final assets might only amount to hundreds of millions of dollars, not billions, said the lawyer appointed to run the Stanford Group Co and two other firms controlled by the businessman, who has a penchant for cricket and publicity.

Of course if it were one of US, we’d be in prison right now. But all these guys get is a little bit of public embarrassment. Where’s the justice in that?

NoSense your Daily Kos idiocy is’t funny around grown-ups so if you don’t like be called out for stupidity don’t come to discussions with the grownups
In addition, I am not part of Obama’s Welfare Nation which looks to others to pay for their life. I would never steal the earnings of my children and grandchildren to pay for my mistakes or my “healthcare” but shamefully your “messiah” doesn’t feel any such qualms and apparently neither do his supporters.
Obama’s Welfare Nation speaks!

Give it a rest. No doubt he had CPAs and lawyers go over his taxes. These things happen. I am willing to be that that there isn’t a person in his position that could withstand a tax audit by a Congressional comittee. Including the members themselves.

1 billion per day to pay back Obama’s debt. And he’s not done yet.
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Really? What the heck does that mean? for how many days? Your little facts, as allways, mean nothing.

I would never steal the earnings of my children and grandchildren to pay for my mistakes or my “healthcare”
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Really? Will you let your children go without health care, food on the table, roof over their heads should you be laid off?
This talk is nonsense they are going to pay if we don’t fix this.

Politico asked the offices of all 99 sitting senators to say who prepares their taxes, whether they or the Internal Revenue Service has ever discovered an error on returns they’ve filed, and whether they’ve ever had to pay back taxes. (Read all the surveys here.)
Of the 56 senators who have responded to the survey, eight said that mistakes have been made on their tax returns, and six said they have paid back taxes. Thirty senators said that no mistakes have been discovered on their returns and that they’ve never paid back taxes – at least to the best of their recollection.
The offices of two senators – Jim Webb (D-Va.) and Bernie Sanders (I-Vt.) – told Politico that they would not answer the survey questions. The offices of Kyl and 42 other senators – 17 Republicans, 24 Democrats and Joseph I. Lieberman (I-Conn.) – failed to respond at all.

Reduce the deficit — Make Obama’s cabinet pay their TAXES!!!!!!

But Obama wouldn’t want everyone to think he has two sets of rules or anything.
Even though BO didn’t have the guts or integrity to ask Daschle to step down.
He will let this tax cheat slide too.

These things happen.
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Ahhhhh the motto of the Messiah!

being blind to corruption is not a positive trait.
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Hmmmm. Do you belong to the same GOP that put it’s head in the sand whuile Bush rode above the law?

Sorry guys, this one doesn’t read like corruption. Unless you count telling somebody to donate a fee to a school vs. paying it to you corruption. I would not have realized I had to count this as income either if it had not passed thru my hands in the process. The guy made a great gesture. Obviously this one is about difficult tax rules. But you just can’t help put put him up there with the other cheaters?

Don’t these well-paid “pubic servants” have CPAs do their taxes? There is NO excuse for this. They are tax cheats and know exactly what they’re doing. These are not “mistakes” but calculated attempts to circumvent the law. DISGUSTING.

Obama is a total disgrace. He has failed this country. I’m ashamed that I voted for him.

so then, under the new rules proposed by the administration, when your income is over the 250K threshold (proposed) for a tax increase and you donate say 100K you will pay about $39,000 in tax because of the donation.
Or stated in another way, if your income is 349K and you donate 100k to get under the cap for the new tax increase you will still have to pay the 39k or so of taxes…smoothe
Kirk is just being made to live by the new rules

I am not part of Obama’s Welfare Nation which looks to others to pay for their life. I would never steal the earnings of my children and grandchildren to pay for my mistakes or my “healthcare” but shamefully your “messiah” doesn’t feel any such qualms and apparently neither do his supporters.
Obama’s Welfare Nation speaks!

Obama….”most ethical administration EVER”

Or perhaps more accurately, too bad, so sad, Austin College.

The reason this gets flagged as news is because, as Tapper writes, by donating the speaking fees directly to his alma mater instead of making it income AND THEN donating it, he avoided paying about $6000 in taxes. That’s a no-no, according to you folks who believe in taxing the rich.

Bono and U-2 make use of Netherland tax shelters to reduce their tax liabilities — taxes that could be used to fund Bono’s charitable causes.

Kirk’s nomination does not appear to be imperiled.
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Of course not. The head of the IRS is a tax cheat. Kirk fits right in with this administration.

Uh oh. Another Obama lie.
White House chief of staff Rahm Emanuel has inserted 16 earmarks worth $8.5 million into the bill the Senate is to begin debating today. The earmarks include money for a Chicago planetarium and a Chicago suburb.

Speaking as a CPA this is being blown way out of proportion. This is the bad side of politics. Kirk was not cheating on his taxes. However,he may have taken an agressive approach, but so has millions of others. Speaking as someone who has been preparing taxes for 35 years for all ranges of income Kirk was not out of line. He did not recieve any money for the services in question and if he should be allowed to take a charitable deduction if he is forced to claim the related items as income. End of story except for those who want to whine about it for political purposes.

Robin:Can you just own up to the fact that Democrats don’t like to pay taxes either?
Just be honest about it – the people who want to raise taxes on the rich don’t really want to pay more in taxes personally. That’s why this is an issue, more than anything else.
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Exactly.

I agree w/ the CPA, maybe this is an oversight. The problem I have is w/ the too much deductions on personal things like the b-ball tix. They’re talking about taking away so many of our deductions. This is infuriating because it just keeps adding to these tax/ spend liberals who do it on others dime but are cheat the system…even O did it w/ his deal w/ Rezko..it’s what makes me trust less and less.

Raise taxes on the rich???? How much money do you think these yahoos in Washington make? Aren’t they raising their own taxes? Oh, they can cheat and get away with it, it is the small businesses and 250K earners that pay…yeah, right. If you think for one minute that those folks think about us out here, I have beach front property in Arizona for sale. They only think of what can I do for ME and oblabla is leading the pack. Wake up America.

“The president nominated Mayor Kirk because of his proven ability at the negotiating table — ”
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What are his basketball creds? (other than season tickets)

Popularity is the key to a damned government. What’s worse is that we are also responsible for it.

It’s just been announced that this year’s spending only under Obama, not George Bush’s spending, is creating debt that will cost us $1B – 1 billion – per day to pay back! Isn’t that a embarressment for the USA?