Grassley grills Geithner on tax lapses
Leave it to Sen. Chuck Grassley to get into the details of tax lapses. He asked Geithner which tax software he used to prepare the returns that left off FICA taxes amounting to $34,000 over several years. Geithner worked for the International Monetary Fund, which didn't withhold taxes for Social Security or Medicare. Hard to believe a trained economist and financial expert could make such a big mistake, but people are spacey.
Geithner's answer to Grassley's question: Turbotax. But, he said, the mistakes were his, not Turbotax's.
