Saturday, January 31, 2009

Daschle's Tax "Forgots": There's More

The wags have said that 'It's easy for Democrats to raise taxes, since they don't pay them,' and we find even more of the same with Tom Daschle.

On January 2 of this year, Daschle filed amended tax returns to pay the $140,167 in unpaid taxes.

That was last night.

This morning, we read:

The Finance Committee staff still is reviewing whether travel and entertainment services provided Tom and Linda Daschle by EduCap, Inc., Catherine B. Reynolds Foundation, Academy Achievement, and Loan to Learn should be reported as income. Earlier this month, the Wall Street Journal reported that Daschle made use of the jet belonging to EduCap, a non-profit student loan organization. . . .

Malkin finds even MORE THAN THAT:

Mr. Daschle also didn’t report $83,333 in consulting income in 2007.

The Senate Finance Committee Report also notes that during the vetting process, President Obama’s Transition Team “identified certain donations that did not qualify as charitable deductions because they were not paid to qualifying organizations

That "unreported consulting income" is very interesting, because it implies that either: 1) IRS did not match the 1099 against Daschle's tax return OR: 2) that the organizations did not ISSUE a 1099 for the payment.

UPDATE: PowerLine gives us background on Daschle's pal Hindery:

InterMedia Advisors was founded by Leo Hindery, who, as we noted here, was once the CEO of Global Crossing, a company that enriched a number of prominent Democrats, including Terry McAuliffe, but also turned into one of the biggest bankruptcies in the history of American business, in which creditors and innocent investors lost many millions of dollars

That "Rangel Rule" tax proposal must look pretty sweet to TommyBoy these days, eh?

HT: Lott

1 comment:

GOR said...

As someone has noted, Obama has found a very efficient way to collect back taxes: nominate the perps to cabinet positions!

Unfortunately there aren't enough cabinet positions to rope them all in, so we'll just have to trust in the honesty of politicians... Is that oxymoronic or what?