— U.S. Citizen Abroad (@USCitizenAbroad) May 25, 2013
“………… after initially underreporting her income by nearly $80 million.
Her attorney, who filed the amendment with the Office of Government Ethics, blamed the omission on a “clerical error.”…………….
Right. And we have to sweat over a dollar in our local account if our total aggregate exceeds the FBAR threshold on any single day in a year? And a tiny local chequing and savings account held within walking distance of my residence in Canada might have been subject to a 50% penalty if it was deemed a willful omission?
But a buddy of Obama and the Democrats can even be considered for a government post like that?
I can’t put down here what I really want to say about this. Where is all the hypocritical BS about ‘offshore accounts’ and ‘foreign trusts’ etc. now?
Canadian duals with disabilities are taxed on meagre RDSPs by the IRS, but US government cronies can forget to report tens of thousands, or millions, and that is okay? The Treasury Secretary Geithner can underpay tax that is owed, and misreport income, but still trumpet that we’re the cause of the ‘tax gap’?
What scale of tax misbehaviour would it take to get some of those US homelanders with money and political connections actually treated the way that the IRS and Treasury treats all of us living legal lives outside the US – who have already paid our home government revenue agencies in full.
Exactly how egregious would US homelander offences have to be for those politically connected in order to actually face some kind of serious repercussions.?
‘Canadian grandmas’ spent legal Canadian funds to file US tax returns and FBARs in order to prove that they owed nothing, but US homelanders and Obama cronies ‘forget’ to report?
A perspective from outside the Homeland looking in
By nominating Penny Pritzker for Commerce Secretary, President Obama has demonstrated his total contempt for the people of America. Penny Pritzker is a long time fund raiser for the president. The Pritzker nomination is nothing but an effort to reward a long time fundraiser. In addition, we learn that Ms. Pritkker failed to report 80 million of income in 2012. Shades of First Tax Cheat Geithner! Although she has rectified the situation, the fact is that there was a failure to report significant income. US citizens abroad are threatened daily for not being tax compliant. Looks very much like in “Obama space” – the area between Obama’s ears - there is a distinction between rules that apply to ordinary Americans and wealthy donors to Obama.
Am I just imagining this? Weren’t taxes a big issue in the presidential election? Wasn’t Obama suggesting – without a shred of evidence – the Mitt Romney was hiding money offshore? Wasn’t he suggesting that Mitt Ronney wasn’t paying his fair share? My God – the stench of Obama hypocrisy is unbearable!
Last I heard, the Obama’s IRS was terrorizing US citizens abroad over unfiled FBARs and the like. Has Penny Pritzker filed any FBARs that she is required to file? Of course that wouldn’t matter, would it. US citizens abroad have had to deal with FBAR. It’s time that Obama cronies have a meeting with Mr. FBAR himself.
Speaking of the IRS scandal, the trail is getting closer and closer to the White House. The Economist is reporting that 42% of Americans believe that the IRS targeted the Tea Party at the direction of the Obama administration. Some are speculating that this IRS scandal will sink Obama. Of course, in the same way that Shulman was responsible for the IRS. The Treasury Secretary is responsible for Shulman. And yes, the president is responsible for Treasury. That in and of itself, is reason to give most presidents concern. What is NOT YET clear are the questions of:
2. When did he know it?
As the trail gets closer and closer to the White House. Look for the White House to throw Mr. Shulman under the bus. But hey, Shulman was appointed by a Republican president. That makes him expendable while the most offensive occupant of the White House in U.S. history, attempts to save himself.
Prediction: The Obama administration is going down over this! Sit back for some summer fun.