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Archive for January 16th, 2009

IOUs From the PRC

Posted by taxguru on January 16, 2009

Anyone hoping to spend a California tax refund should give up on that plan, or at least be very patient. According to this news release from Spidell, they are so broke in Sacramento that they will be delaying paying out tax refunds for at least 30 days.

Of course, as always, this is a one way street. Any taxes owed to the PRC must be paid in immediately or you will be faced with serious consequences.


Posted in StateTaxes | Comments Off on IOUs From the PRC

More jokes about the new Treasury Secretary

Posted by taxguru on January 16, 2009

Anyone who follows politics knows that if this were a GOP nominee, he would have already pulled his name from consideration. Since he is with the party that has no ethical standards, and the media are doing their job of covering for him, he should have smooth sailing into power. In the meantime, he has replaced Wesley Snipes as the new face of idiotic tax moves.

From Scott Ott:

Bush Offers to Pre-Pardon Obama Treasury Pick

From Jay Leno via NewsMax:

At his confirmation hearing, Attorney General nominee Eric Holder said that as far as he is concerned, waterboarding is torture. And Treasury Secretary Tim Geithner said, “So is paying taxes.”

Geithner didn’t pay federal taxes from 2001 to 2004. He owed $34,000. But to keep his nomination afloat, he paid it this week — plus another $8,000 in interest. So that’s $42,000 the U.S. Treasury made — just like that. You know what Obama should do now? He should appoint Willie Nelson as commerce secretary. What does he owe, $28 million?


(Click on image for full size)

Posted in comix, Geithner, humor | Comments Off on More jokes about the new Treasury Secretary