Good Grief. Another Obama Treasury Department Official Admits Cheating On Taxes
November 19, 2009 by Gateway Pundit
Dr. Lael Brainard is the latest Obama official to have tax problems.
The AP reported:
President Barack Obama’s choice for a top job in the Treasury Department did not disclose all of her late tax payments until she was repeatedly prodded by Senate investigators, a congressional report issued Wednesday said.
Obama’s nominee for undersecretary of the Treasury for international affairs, Lael Brainard, is the fifth presidential nominee to reveal tax issues during the congressional vetting process.
Brainard was late in paying real estate taxes in 2005, 2006 and 2007 on property in Northern Virginia, according to the report by the Senate Finance Committee staff.
The report also challenges the accuracy of a deduction Brainard claimed for running an office from her home. The challenge led Brainard to reduce the deduction on her 2008 return, though she declined to adjust returns for 2005, 2006 and 2007, telling committee staff she used a reasonable method to calculate the deductions.
Brainard paid most of the late property taxes before she was nominated, in March. However, she told the committee that she realized after her nomination that her 2008 property taxes had not been paid. They were paid in September, the report said.
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