You know America is great when a guy named Tim Geithner can evade $34,000 in taxes, get appointed to become the US Treasury Secretary puppet, AND make repeated claims in the press to raise taxes in 2011!
Well of course it's a good idea to raise taxes if you can evade them as craftily as you can Treasury Secretary Geithner! So good of you to say you messed up on your own tax returns (oopsie), and to ignore your old employer's repeated written statements to pay your taxes between 2001 and 2004 at the IMF. So good of you to finally pay the $34,000 taxes you evaded once Obama selected you as the new Treasury Secretary! We all know you would have paid the $34,000 in back taxes even if Obama didn't appoint you right? *wink* *wink*.
TIM GEITHNER ISN'T ALONE!
Thanks to The Washington Post, the venerable newspaper has now revealed that some 41 Obama aides have not paid $830,000 in back taxes either! Now, now, don't judge since that's only $21,000 in back taxes owed per Obama aide. However, if you calculate the total amount of taxes owed by delinquent government employees, the number comes out to over $2 billion dollars! Let's be fair here, as I'm sure that both parties owe tons of back taxes. That said, if your party is for big government and higher taxes, shouldn't you be a little more honest? Nah.
The reason why it is actually OK to evade taxes is because we follow our leaders. Government employees are raking it in, and there's nothing you or I can do to stop the trend. We are loyal soldiers to the great powers in government. The people of America voted the current administration in, therefore they are a reflection of our own ideals. We condone tax evasion and two faced politicians because if we didn't, they wouldn't have come to power. This is why America is so great! There are enough manipulable people out there that so long as you aren't one of them, you will flourish!
Tax Savings Recommendation
Start A Business: A business is one of the best ways to shield your income from more taxes. You can either incorporate as an LLC, S-Corp, or simply be a Sole Proprietor (no incorporating necessary, just be a consultant and file a schedule C). Every business person can start a Self-Employed 401k where you can contribute up to $54,000 ($18,000 from you and ~20% of operating profits). All your business-related expenses are tax deductible as well. Simply launch your own website like this one in under 30 minutes to legitimize your business. Here's my step-by-step guide to starting your own website.
Updated for 2020 and beyond. Income taxes came down under President Trump. As a result, those who contributed to their Roth IRA or Roth 401k and planned on retiring in 2017 – 2021 had wrong tax expectations.