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My understanding is Daschle is in pocket of the health insurance lobby. This is what I heard on the news this morning and listed all moneys paid to him. If it is false, set me straight please!
forcing people to pay for private, for profit health insurance is not the answer to our problems.
single payer, not for profit is the only way to go, of the 9 Dems running in the primaries only one had it right = Dennis Kucinich, of course he had no real chance of getting elected.
the 2 options people were left with were to two most corporately paid for of the bunch.
In his apology letter, Daschle provided a timeline for when the errors were discovered and tax payments made. He said that the presidential transition team had flagged charitable contributions it concluded were deducted in error. When his accountant realized amended tax returns would need to be filed, Daschle said, the accountant suggested addressing another matter that Daschle raised with him earlier in the year: whether the use of a car service provided by a friend and business associate, Leo Hindery, should be reported as income.
The unreported income for that car service totaled more than $250,000 over three years.
At about the same time, Hindery's company informed Daschle's accountant of a clerical error it made on a form it provided to Daschle that he subsequently reported to the IRS. The error resulted in an additional $88,333 in unreported consulting income for 2007.
Hardly your incontinent shrieks about "criminal acts".
Daschle may be in trouble. There are other possible issues. http://www.nytimes.com/2009/02/02/us...aschle.html?hp
At least one, the nonprofit student loan company EduCap, may pose new problems for Mr. Daschle. The Senate Finance Committee said it was trying to determine whether trips to the Bahamas and the Middle East provided to Mr. Daschle by the company should also have been reported as income.
Hardly your incontinent shrieks about "criminal acts".
Ah, so he is just an idiot. Thanks for clarifying that.
At anyrate, here is a man more in tune with the US tax system then most and he 'made mistakes' to his own benefit and yet we are to assume it was just one of those things? Amazing how clear those errors were when Obamas people went through Daschles tax records.
I am done being manipulated by partisan politics and done with condoning the actions of a patrician class that is suppossed to represent us, the plebians.
And btw....'incontinent shreiks?' Are you alleging that poor Amerifree has a bladder control problem?
http://www.nytimes.com/2009/02/02/us...agewanted=2&hp
Former Senator Slade Gorton, a Washington Republican who also joined the board, said in an interview on Sunday that the other members received $100,000 a year in compensation, mainly for attending quarterly meetings about the state of the firm.
http://www.nytimes.com/2009/02/02/us...agewanted=2&hp
Former Senator Slade Gorton, a Washington Republican who also joined the board, said in an interview on Sunday that the other members received $100,000 a year in compensation, mainly for attending quarterly meetings about the state of the firm.
This is the Club investigating the Club
Damn straight......
If Pres Obama really meant change, here is a place ripe for change. But then that could very well mean the end of his political career. It would be a great test to see if he is more interested in the good of our country or the good of his political career.
If Pres Obama really meant change, here is a place ripe for change. But then that could very well mean the end of his political career. It would be a great test to see if he is more interested in the good of our country or the good of his political career.
Is this a rep vs dem issue, or is this an issue of us (citizens) vs them (politicians)? I see it as a very distinct issue of a paralel judicial system. If I were over 100 grand in arrears with the IRS, I do believe I would be jailed and/or facing the forfeiture of my home and all of my assets.
The IRS didn't catch him, Obama's transition team did. So his accountant fessed up to the error(s) to the IRS. When you go to them, they rarely jail you if you make amends (and pay the penalties), as they (the IRS) didn't catch the errors either.
Senator Daschle told staff that in June, 2008, something made him think that the car service might be taxable and he disclosed the arrangement to his accountant. Under Section 132 of the Internal Revenue Code, the value of transportation services provided for personal use must be included in income. Senator Daschle estimated that he used the car and driver 80% for personal use and 20% for business use. On January 2, 2009, Senator Daschle filed amended returns for 2005, 2006 and 2007 reporting the value of the car service as income. He did not pay self-employment tax on the personal value of the service. It was determined during the Committee review of Senator Daschle’s returns that the personal value of the car service is subject to self-employment tax. The senator has acknowledged that the 2005, 2006 and 2007 tax returns will need to be adjusted to
pay the applicable Medicare taxes of 2.9% of the personal value of the service.
Consulting Income
Senator Daschle’s consulting arrangement with InterMedia Advisors provided that the senator be paid $83,333 per month ($1,000,000 per year) for his services. Senator Daschle received a Form 1099 from InterMedia Advisors each year reporting income from consulting fees, bonuses and reimbursements. The 2007 Form 1099 did not
include the May, 2007 payment for consulting fees in the amount of $83,333. Senator Daschle’s accountant told Committee staff that at the time he was preparing the senator’s 2007 tax return he thought the Form 1099 might be understated. Staff reviewed e-mails between the accountant and Senator Daschle from March, 2008 discussing the amount
reported on the Form 1099 and whether any payments were missing. Senator Daschle told the accountant that the January, 2007 check was received in December of 2006, and that was why the 2007 Form 1099 reported only 11 monthly payments. However, during the January 29, 2009 teleconference, InterMedia personnel told Committee staff they
were unaware of any times when Senator Daschle was paid earlier than the first Friday of the month. The amount on the 2007 Form 1099 matched Senator Daschle’s personal records of payments received from InterMedia Advisors in 2007. Neither included the missing payment. The accountant did not pursue the matter further and reported the 2007 1099 amount on the Daschles’ 2007 Form 1040. In December, 2008, the senator’s accountant contacted InterMedia while compiling information for Senator Daschle’s financial disclosure reports. InterMedia then discovered that the May, 2007 consulting fee payment had been omitted from the Form 1099 and notified the accountant. InterMedia personnel explained to Committee
staff that the regular accounts payable (AP) clerk was on maternity leave when the May payment was due The temporary AP clerk completed a wire-transfer for the payment to the senator instead of following the usual procedure of issuing a check on the first Friday of each month. The wire-transfer was not posted to the normal InterMedia account and
therefore it was not included in the 2007 Form 1099 that was issued.
Senator Daschle reported the $83,333 missed payment as income on the amended 2007 tax return. InterMedia Advisors filed a corrected Form 1099 on January 7, 2009.
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Decide for yourself
