Word: paulson
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Dates: during 2000-2009
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Geithner's tax foibles probably won't derail his bid to replace Henry Paulson at Treasury. Republican and Democratic Senators, a number of whom have reiterated their support for Geithner in the past week, are likely to vote to confirm him as early as Thursday. Still, Hook and other tax experts say that if Geithner hopes to lower his April 15 bill in the future, he has some legitimate options - even if he lands the high-profile Treasury Secretary job. What follow are some filing tips for Geithner, as well as common tax traps he should avoid...
...hope you saved your receipts. The IRS will let you write off a third of the amount of your job-search expenses as long as you land a job in your usual field. And since Geithner reportedly has held more than one meeting with current Treasury Secretary Paulson in the past year, it is safe to say he is staying in the same line of work. One thing to watch out for, Tim: expenses must be reasonable in the eyes of the IRS. So if you flew first-class to Chi-Town, you are probably going to be able...
Congress is fighting with both the administration that is leaving and the one that is coming about what should happen to the $350 billion left in the TARP. Most legislators do not seem to be happy about how Treasury Secretary Henry Paulson spent the first $350 billion. Too much of it got invested in banks and car companies. Not enough went to help mortgage holders...
...ongoing financial crisis have been a rude awakening for many. "No one expected the problems to run this wide and deep," says a Harvard Ph.D. in attendance. "It's chilling." That's why many of the more accessible jokes of the evening involve bashing U.S. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, President Bush and just about everyone on Wall Street. "Italian Mafia are gangsters who make offers you can't refuse, whereas financial mafia are bankers who make you loans you can't understand," jokes Bauman. "I'm not sure which is worse...
...Bush has no wish to be the Herbert Hoover of the CNBC generation. Accordingly, his Administration will have spent several hundred billion dollars to unfreeze the credit markets. (Indeed, has anything of late so recalled Roosevelt's devotion to "bold, persistent experimentation" as the frantic improvisations of Hank Paulson...