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Geithner Penalty Waiver Act
https://gladerebooted.net/viewtopic.php?f=8&t=1011
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Author:  Dash [ Wed Dec 02, 2009 10:41 am ]
Post subject:  Geithner Penalty Waiver Act

That's great:

http://taxprof.typepad.com/taxprof_blog ... uces-.html

Quote:
Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for failing to pay taxes on his IMF income -- zero. From Congressman Carter's press release:

Quote:
Carter says the Equal Protection Clause of the 14th Amendment to the U.S. Constitution mandates equal penalties for similar offenses, and that the failure of the IRS to assess any penalties against Geithner demands similar penalties for all taxpayers with substantially equivalent cases. “This bill seeks to codify what is now established by the law of precedent,” says Carter. “The Geithner case has established a legal precedent for the determination of penalties by the IRS, and that precedent can be cited in all federal tax courts. The penalty is now set at zero.” “Taxpayers who willfully attempt to evade paying their fair taxes should pay a penalty, or our tax code becomes unenforceable,” says Carter. “This bill is not to reward tax evaders, but to defend the Rule of Law itself. If we as a nation choose not to enforce the law against the politically privileged, then we cannot enforce the law against others without undermining respect for the law itself.”

Author:  Uncle Fester [ Wed Dec 02, 2009 10:44 am ]
Post subject: 

That is beutiful

Author:  Kaffis Mark V [ Wed Dec 02, 2009 11:17 am ]
Post subject: 

That is, indeed, a thing of beauty.

We should, of course, extend this to all tax fraud penalties.

Original source? I'd like to pass it on.

Author:  Dash [ Wed Dec 02, 2009 11:28 am ]
Post subject: 

Oh whoops, edited the link in, and here it is:

http://taxprof.typepad.com/taxprof_blog ... uces-.html

Author:  Hopwin [ Wed Dec 02, 2009 12:47 pm ]
Post subject: 

ROFL

Author:  Elmarnieh [ Wed Dec 02, 2009 12:57 pm ]
Post subject: 

Awesome.

Author:  Diamondeye [ Wed Dec 02, 2009 3:59 pm ]
Post subject:  Re: Geithner Penalty Waiver Act

Hahaha.. bet they didn't see that one coming.

Author:  Serienya [ Thu Dec 03, 2009 6:47 am ]
Post subject: 

I love it!

Author:  Aizle [ Thu Dec 03, 2009 11:41 am ]
Post subject: 

While cute, it's this kind of political BS that wastes our tax dollars.

(note: Dems do this kind of nonsense too)

Author:  DFK! [ Thu Dec 03, 2009 11:43 am ]
Post subject:  Re:

Aizle wrote:
While cute, it's this kind of political BS that wastes our tax dollars.

(note: Dems do this kind of nonsense too)


Wait... what wastes our tax dollars? Enforcing equal punishment under the law?

Author:  Khross [ Thu Dec 03, 2009 11:45 am ]
Post subject:  Re:

Aizle wrote:
While cute, it's this kind of political BS that wastes our tax dollars.(note: Dems do this kind of nonsense too)
This isn't political bullshit at all. The Obama Administration has shielded at least 6 nominees/appointees from tax fraud charges through its control of the IRS and Justice Department. If the Federal government was actually interested in performing its duties, Geithner would be in prison.

Author:  Diamondeye [ Thu Dec 03, 2009 11:52 am ]
Post subject:  Re:

Aizle wrote:
While cute, it's this kind of political BS that wastes our tax dollars.

(note: Dems do this kind of nonsense too)


How does it waste tax dollars to not enforce tax penalties on everyone because we didn't enforce them on one, or several, people?

Author:  Aizle [ Thu Dec 03, 2009 11:53 am ]
Post subject:  Re: Re:

DFK! wrote:
Aizle wrote:
While cute, it's this kind of political BS that wastes our tax dollars.

(note: Dems do this kind of nonsense too)


Wait... what wastes our tax dollars? Enforcing equal punishment under the law?


No, I'm all for enforcing equal punishment against the law. However introducting a bill, which EVERYONE knows will fail is a complete waste of everyone's time and only political grandstanding.

Author:  Diamondeye [ Thu Dec 03, 2009 11:55 am ]
Post subject:  Re: Re:

Aizle wrote:
DFK! wrote:
Aizle wrote:
While cute, it's this kind of political BS that wastes our tax dollars.

(note: Dems do this kind of nonsense too)


Wait... what wastes our tax dollars? Enforcing equal punishment under the law?


No, I'm all for enforcing equal punishment against the law. However introducting a bill, which EVERYONE knows will fail is a complete waste of everyone's time and only political grandstanding.


In some cases that's true, in this case I don't think it's grandstanding at all. He is calling attention to a very serious breach of the concept of equality before the law.

Author:  Kaffis Mark V [ Thu Dec 03, 2009 11:59 am ]
Post subject: 

Actually, I welcome the failure of this bill. In a year, it will give opponents of the incumbents who vote with no interest in rule of law on this Bill excellent ammunition to ensure Change in the House.

Author:  Jeryn [ Thu Dec 03, 2009 4:26 pm ]
Post subject:  Re: Geithner Penalty Waiver Act

I'm not so sure this bill can accomplish anything useful, and in that sense - just like Aizle said - it's a waste.

Vote yes? You're willing to completely hamstring the IRS in its ability to effectively enforce tax code on *anyone at all* because of preferential treatment given to a handful of friends of the Obama administration. Sure, it's consistent if people like Geithner aren't being punished, but a spite crippling of the IRS isn't in anyone's best interests. People would **** a golden brick if this legislation actually passed. Raise your hand if you think anyone at all, even the sponsors, really honestly wants this to pass and be implemented. I'm not sure a Congress that goes about proposing "shoot myself in the foot" legislation just to make a point is acting intelligently.

Vote no and you're basically implicitly stating that you have no interest in the equal application of the rule of law, which like Kaffis said makes great fodder for your challenger in the next election cycle.

I understand the reasoning for the gesture being made, and do think the message is important, but I don't think this is the best way to go about it. Not sure what I'd have them do instead, though, just think this isn't it.

Author:  Elmarnieh [ Thu Dec 03, 2009 6:24 pm ]
Post subject: 

Yes - cripple the IRS. its win-win all the way around.

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