Sunday, November 01, 2009

Geithner and Rangel combating tax evasion?

I think this message from tax cheat Geithner about tax cheat Rangel would be amusing if we can laugh and gag all at the same time.
    "The legislation introduced today by Chairman Rangel and Chairman Baucus follows through on the Administration's commitment to combating offshore tax evasion and ensuring a level playing field. For too long, individuals have taken advantage of the system by hiding money in accounts overseas, while millions of families and small businesses here at home pay the price. This legislation will reduce the amount of taxes lost through the illegal use of hidden accounts and is the next step in making sure that everyone pays their fair share.

    "This legislation fits well into the Administration's dual-track strategy of improving our domestic tax laws while increasing global cooperation on tax information exchange to help narrow the tax gap and create the fairer tax system we need. We have had great success recently in working with countries around the world to increase tax information exchange as part of the global effort to end offshore tax evasion.

    "In addition to the leadership of Chairman Rangel and Chairman Baucus, I want to acknowledge the work of Senators Kerry and Levin and Representatives Neal and Doggett in support of a strong international tax enforcement agenda."
Rangel has out of the country real estate that rents for over $1000 a night but he claims just a mild oversight for 20 years. You try that. Geithner misreported his overseas income until he was caught, and then continued.

And these are the non-Marxists in the administration! Yikes.

2 comments:

Anonymous said...

Some of the bad buys are just crooks.

Anonymous said...

Murray sez:
Ted Kennedy said are we to believe there is a different justice for the rich and powerful? Obama's administration provides us with the answer!