OMG!!1!

March 2, 2009 at 8:38 pm | Posted in Department of Commerce, politics straight up, State Department | Leave a comment
Everybodys doing it, Doing what? Paying taxes, of course  Large group of people filling out tax forms in Internal Revenue office. (c1920)

"Everybody's doing it, Doing what? Paying taxes, of course" Large group of people filling out tax forms in Internal Revenue office. (c1920)

Tales of woe and scandal with respect to Ron Kirk’s “tax problem” are highly overblown.

(National Journal) Finance staff briefed aides to committee members today on the revelations, which indicate the former Dallas mayor underpaid taxes to the tune of $9,975 during 2005-07, and that he has agreed to promptly file adjustments. The underpayments deal in part with speaking honoraria he received that he listed as charitable donations to his alma mater, Austin College.

Kirk instead should have reported the honoraria as taxable income and then deducted the donations. The panel also asked Kirk for substantiation of other charitable donations he has made, including a television set, and it has questioned Kirk’s write-offs of business expenses, including those for Dallas Mavericks season tickets.

Oh noes!!1!

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