Your US Senate is about to confirm Timothy Geithner as Treasury secretary. The Treasury secretary is the IRS Commissioner's boss. Mr. Geithner has apologized to the Senate finance committee for his failure to pay self employment tax for calendar years 2001, 2002, 2003, and 2004. If you read the Senate finance committee's report (first 4 pages) and you are a tax professional like me, you cannot but draw the conclusion that Mr. Geithner knew about his obligation to pay self employment taxes. Here is the document:
http://finance.senate.gov/press/Bpress/2009press/prb011309d.pdf
What is self employment tax? It is both halves of the Social Security and Medicare payroll tax that employees pay. If you are self employed, you get to pay the employee half and the employer half for a total of 15.2% of net self employment earnings.
Do you really want the cabinet level post that heads up the IRS to be a tax cheat? Should a person with his professional stature really be doing his own taxes? I think that this shows an irresponsible character flaw. If you believe as I do, write to your Senators and ask them to vote against his confirmation.
http://senate.gov/general/contact_information/senators_cfm.cfm
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