“Only Republicans are corrupt.”
– Steve at White’s Creek
Tax Problems Surface for Trade Rep. Nominee Kirk:
Kirk’s tax problems, according to the committee, were largely based on his failure to pay taxes on honoraria that he earned from speaking. He had not paid taxes on the income because he had asked that the fees be diverted to his alma mater, Austin College, to fulfill a pledge to a scholarship fund.
The committee said he also deducted too much from his taxes from the purchase of season tickets to NBA Mavericks games. And it said he incorrectly apportioned accounting fees between his partnership forms and his personal income tax forms.
Kirk also overstated the value of a television he donated, valuing it at $3,000 instead of $1,500, the committee found. And he did not have an acknowledgment letter for a $900 donation.
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