So guess which companies owe more than $220 million in back taxes? Go ahead. Guess

America is being Cluster F*cked daily, folks. It’s time for a lot more than tea bags.  It’s time some hide is figuratively skinned. It’s time for prison and it’s time for seizure of personal assets.

john-lewisWASHINGTON, March 19 (Reuters) – Some top recipients of U.S. bailout money owe the federal government more than $220 million in unpaid taxes, a U.S. lawmaker said on Thursday.

 Representative John Lewis, a Democrat from Georgia who heads the U.S. House of Representatives Ways and Means oversight subcommittee, said 13 bailed-out companies owe the federal government taxes. Two of them owe more than $100 million each.

Lewis said the firms, which he did not name, signed statements at the time of receiving federal aid stating that they owed no federal taxes.

 “It is a disgrace. The American people are fed up… and they’re not going to take it anymore,” Lewis told a hearing to examine the oversight of the Troubled Asset Relief Program, or TARP.

It’s not a disgrace. It’s a Cluster F*ck and we all know it. And it has to stop. We expect it to stop. It will stop. This bailout party must come to an end. People must go to jail. Money must be recouped. Not later. Now.

Somebody has been walking away with Trillions of dollars we don’t even have. Some small group of serious thieves has raped the wallets of a minimum of two future generations using dying, pillaged corporations as money launderers for each other. AIG gets billions and the first check they write is to Goldman Sachs of Bernanke and Geithner Board of Directors fame. Why is that?

Nobody wants to work for Geithner it seems. They drop out like flies. Why is that? Geithner hired CitiGroup’s Economoic Advisor. Why is that?  Who would hire the loser-economic adviser of a losing company? And why is it that these companies that owe millions of back taxes haven’t been hounded by the IRS, Mr. Geithner?  And since the IRS is under your charge, why is it you didn’t know that their disclosures regarding taxes were a lie? If one of us owed ten cents to your IRS, we would be hounded. Of course, not paying taxes after receiving repeated warnings is no new thing to you, Mr. Geithner, is it? What job is that that you are “Just the right guy for” again?

Somebody in the US Treasury is enabling this. The money is flowing to these places like a river, in one door, out the other.  Somebody must answer for this. Bernie Madoff is beginning to look like a petty candy store thief next to what is happening here.

There are plenty of questions and it’s time somebody asked them. Rep. Lewis has started that ball rolling, bless his heart.

Lewis’ subcommittee looked at the top 23 TARP recipients and found that more than half owe unpaid federal income taxes. One unidentified company owed $112.75 million in unpaid taxes from 2006 and 2005,according to the subcommittee’s research. Another company that received government funds owed $101.8 million dating back to before 2004.

We appreciate your revealing information Rep. Lewis. We really do bless you for it. But the public has a right to know the names of these companies and the pigs who are raping us.  This is the money of the children, grandchildren and great-grandchildren of Americans!

If these companies lied on their tax disclosures in order to receive TARP money, this means somebody committed fraud, a federal offense. There must be indictments and people must go to jail. But not before we squeeze every dime of our money out of their thieving hides in the most painful of ways, up to and including all of their personal assets.

Enough is enough. And then some. America is leaving its slumber period now. Hubris will do that to people. Thank God. Thus, we begin the pitchfork and torch phase we have seen over AIG. This has just begun. America is being torn down from within. It’s time to lock the Treasury TARP money down. No more bailouts. The heads must start to roll for all the public to see these shameless faces go down in shame.

Rep. Lewis: You GO guy!

Hey Barney! You gonna join in or what? Because somebody needs to check out those nice fat Fannie Mae and Freddie Mac bonuses that are being handed out as we speak to the Big Shots from that loser corporation too.  We’ll make that YOUR assignment, because while the country is in an uproar over AIG bonuses, the rest of the Band Plays On under the radar.

And Chuck: Yeah. We DO care. America is just waking up and stretching. Soon, the coffee will be perked and suddenly, everybody is going to be moving around, wondering how it is that our House and Senate let this all happen.  That means you too, Chuck.

Folks, an index of these thieving companies that took our money can be found here.

Here are the top 23 recipients as of the date of that index (late January, 2009).  Unless this list has changed drastically in totals recently, half of these companies, according to Rep Lewis, are delinquent in more than $220 million in IRS taxes.

Numbers are in millions:

10/28/2008 Citigroup Inc*** New York $25,000 Completed 10/28/2008 J.P. Morgan Chase & Co New York $25,000 Completed
10/28/2008 Wells Fargo & Co California $25,000 Completed
10/28/2008 Bank of America Corp North Carolina $15,000 Completed
1/9/2009 Bank of America Corporation** North Carolina $10,000 Completed
10/28/2008 Goldman Sachs Group Inc New York $10,000 Completed
10/28/2008 Morgan Stanley New York $10,000 Completed
12/12/2008 The PNC Financial Services Group Inc Pennsylvania $7,579 Completed
11/14/2008 U.S. Bancorp Minnesota $6,599 Completed
11/14/2008 Capital One Virginia $3,555 Completed
11/14/2008 Regions Financial Corp Alabama $3,500 Completed
11/14/2008 SunTrust Banks Inc Georgia $3,500 Completed
12/12/2008 Fifth Third Bancorp Ohio $3,408 Completed
1/9/2009 American Express Company New York NY $3,389 Completed
11/14/2008 BB&T North Carolina $3,134 Completed
10/28/2008 Bank of New York Mellon Corp New York $3,000 Completed
11/14/2008 KeyCorp Ohio $2,500 Completed
12/12/2008 CIT Group Inc. New York $2,330 Completed
11/14/2008 Comerica Texas $2,250 Completed
10/28/2008 State Street Corp Massachusetts $2,000 Completed
11/14/2008 Marshall & Ilsley Corp Wisconsin $1,715 Completed
11/14/2008 Northern Trust Illinois $1,576 Completed
11/14/2008 Zions Bancorporation Utah $1,400


Yet another appointee who owes unpaid taxes–and a pattern emerges

A fourth Obama appointee has to pay nearly $10k in back  in taxes due to “unclaimed income” that otherwise wouldn’t have been discovered had he not been a political appointee. 

tax-cheat-stampThis is the fourth appointee to be caught. And one of them is now in charge of the IRS and the Treasury!

I’m not sure where the movement started, but people are being encouraged to buy a red “Tax Cheat” stamp and stamp it over Timothy Geithner’s signature whenever you see it on new paper currency. People are angry folks! So don’t be a bit surprised if you see a bill  that has met a red stamp.

And here’s the latest tax cheating appointee:

President Barack Obama’s nominee for the post of U.S. Trade Representative has agreed to pay nearly $10,000 in back taxes to clear up tax-related issues that emerged during his vetting by the Senate Finance Committee, Senate aides said Monday.

Former Dallas Mayor Ron Kirk became the fourth Obama nominee to run afoul of tax laws. But Finance Committee aides from both parties said Mr. Kirk’s infractions are minor and don’t compare with the issues that ensnared Treasury Secretary Timothy Geithner, prompted the president’s pick for chief performance officer, Nancy Killefer, to withdraw her name, and torpedoed Tom Daschle’s nomination as secretary of health and human services.

This brings us to  the real question. Exactly how many of the privileged class in both parties have a habit of not claiming income on their taxes or ignoring IRS warnings? If four of Obama’s appointees got caught at this, how many of these self-absorbed big shots never get caught? The very fact that DC thieves consider these problems as “Minor” tells me that this is a class of thugs who don’t think they need to play by the same tax rules as the ones they set for the rest of us.

Wouldn’t it be interesting if the IRS were to audit every single person in congress along with every person in a high level government position, regardless of party? Think of how much reveue would be generated! Better yet, think of how many slime balls would be caught in the headlights. Let’s not imagine that this problem is confined to Democrats. Only a fool would imagine that. If four high level people have been caught, this is a widespread problem.

The letter below is being circulated via email and I pretty much think it says it all, real or not.

Actual ‘Letter to the Editor’ from the February 5th edition of the
Wichita Falls , Texas Times Record News…

Dear IRS,

I am sorry to inform you that I will not be able to pay taxes owed April 15, but all is not lost.

I have paid these taxes: accounts receivable tax, building permit tax, CDL tax, cigarette tax, corporate income tax, dog license tax, federal income tax, unemployment tax, gasoline tax, hunting license tax, fishing license tax, waterfowl stamp tax, inheritance tax, inventory tax, liquor tax, luxury tax, Medicare tax, city, school and county property tax (up 33 percent last 4 years), real estate tax, social security tax, road usage tax, toll road tax, state and city sales tax, recreational vehicle tax, state franchise tax, state unemployment tax, telephone federal excise tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle license registration tax, capitol gains tax, lease severance tax, oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma and New Mexico sales tax, and many more that I can’t recall but I have run out of space and money.

When you do not receive my check April 15, just know that it is an honest mistake. Please treat me the same way you treated Congressmen Charles Rangle, Chris Dodd, Barney Frank and ex-Congressman Tom Dashelle and, of course, your boss Timothy Geithner. No penalties and no interest.


Ed Barnett
Wichita Falls

P.S. I will make at least a partial payment as soon as I get my stimulus check.

The tax dodger says he’s going to crack down on tax dodgers

geithnerIt’s really amazing that  Tim Geithner could actually say this with a straight face, isn’t it? 

He’s going to crack down on international tax dodgers. I guess  Domestic tax dodgers are okay though. They can even be put in charge of the Treasury and the IRS.

I wonder what Tim will do when they all tell his IRS that they used Turbo Tax and got messed up.

There’s no irony here or anything, is there?

Geithner: Obama to fight international tax dodgers

President Barack Obama’s Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes.

Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies’ ability to shelter foreign earnings from taxation in the U.S. He also said the administration will try to limit wealthy Americans’ ability to use tax havens to avoid taxation.

He did not immediately provide details.

I especially love that last line.

 Really, Barack Obama should have gotten somebody else to have this discussion.