Daschle has fessed up to restating income to the amount of more than $250,000 and having to pay more than $100,000 in back taxes on that restated income.
And, this isn’t income you could just “misplace,” either, it seems:
The car service and the consulting income were received in connection with Daschle's business relationship with InterMedia Partners of Englewood, Colo. Daschle is a limited partner and chairman of its executive advisory board. Daschle is also an independent consultant to InterMedia Advisors LLP of New York City. … Beginning in 2005, Daschle was provided the use of a car and driver. Charges for the car and driver services were billed to InterMedia.
All of a sudden, “sometime” in 2008, Daschle suddenly things this car and driver might be taxable income.
Gee, was that “sometime” sometime after Nov. 4, when the possibility of a Cabinet position started become real? (That was a rhetorical question, in case you didn't get it.)
And, from the way the story reads, we, and the Senate Finance Committee, still aren’t at the bottom of just exactly what Daschle’s taxable income should be the last few years.
Gimme a fricking break is the bottom-line statement from here. Not knowing that, or whether, a company-supplied car and driver was taxable income??? Puhleeze. And, if not sure, at least not asking somebody? And, no, I do not think the IRS code is that complicated, though, as with Geithner, some Obamiacs are starting to float that line already.
Amazing what self-delusion can do.
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