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Entries in IRS (1)

Tuesday
15Dec2009

Federal Employees Owe $3 Billion in Back Taxes

According to the IRS, federal employees and retirees owe over $3 billion in back taxes.

WASHINGTON - At a time when the White House is projecting the largest deficit in the nation's history, Uncle Sam is trying to recover billions of dollars in unpaid taxes from its own employees.

Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According to Internal Revenue Service documents, 276,300 federal employees and retirees owe $3,042,200,000.

The story goes on to say that the IRS is the only government agency where employees can be terminated for not paying their taxes. Question: Shouldn't that be true for all government employees?

Then again, Treasury Secretary Timothy Geithner was a tax cheat and he oversees the IRS.

Via Glenn Reynolds