Ryan failed to report 60k of income on his taxes

[Anonymous]

From his dead mother's trust.

http://www.nytimes.com/2012/09/22/us/politics/under-pressure-romney-offers-more-tax-data.html

60k is not an insignificant amount, certainly not when your other declared income is 260k.

He's the money guy, and his wife is a tax attorney.

Of course, in April, he wasn't running for VP.

[Anonymous]

Next

[Anonymous]

Unfathomable how Lyin' Ryan could possibly omit 60k in income esp. w his attorney wife, since the trust is required to issue a notice to him as the recipient (I don't remember the IRS Form, K-1? other?)...

This is beyond mere negligence IMO (as someone who is the trustee of 3 trusts and the beneficiary of 1)....

These two assholes are a couple of slicky-boy corner-cutters, and they're pros at it.

But like many, they're not as smart or clever as they think they are.

[Anonymous]

I don't care.

[Anonymous]

When Charlie Rangel underreported income from a vacation home and forgot to disclose several bank accounts on his federal disclosure form, the consensus on this site (including from Steele) was that Rangel had to go.

Ryan so far has failed to disclose a $1M trust and failed to pay $60K of taxes on it.

I am willing to say that it is an honest mistake. Hell I even defended the guy on another post, explaining the honest reason he may have failed to disclose it.

But since you are so dismissive, now I have to point out that

(1) misplacing $60K of income on a $1m trust is a bit tone deaf, and

(2) the conservatives and liberals alike on this site wanted Charlie Rangel's head for mistakes of a similar size. There appears to be a bit of a double standard on diligence here.

[Anonymous]

Anonymous wrote:When Charlie Rangel underreported income from a vacation home and forgot to disclose several bank accounts on his federal disclosure form, the consensus on this site (including from Steele) was that Rangel had to go.

Ryan so far has failed to disclose a $1M trust and failed to pay $60K of taxes on it.

I am willing to say that it is an honest mistake. Hell I even defended the guy on another post, explaining the honest reason he may have failed to disclose it.

But since you are so dismissive, now I have to point out that

(1) misplacing $60K of income on a $1m trust is a bit tone deaf, and

(2) the conservatives and liberals alike on this site wanted Charlie Rangel's head for mistakes of a similar size. There appears to be a bit of a double standard on diligence here.

Tom Daschle comes to mind as well.

[Anonymous]

I think the NY Times may be mischaracterizing this. He filed an amended return to add the trust income, probably after he received the information statement for the trust. I don't think this is new information.

[Anonymous]

It's stupid but I doubt it was willful. It's certainly not criminal.

Do the Ryans prepare their own taxes or use a tax preparer or accountant?

[Anonymous]

Anonymous wrote:I think the NY Times may be mischaracterizing this. He filed an amended return to add the trust income, probably after he received the information statement for the trust. I don't think this is new information.

No, he also failed to disclose the trust itself on his federal disclosure. He forgot about the account itself, or he thought that he did not have to report it. I wrote before that it could be a generation skipping trust which he might have thought would not be covered but which needed to be included because of a maintenance income provision which would go to his wife, thus making her a beneficiary.

[Anonymous]

Anonymous wrote:It's stupid but I doubt it was willful. It's certainly not criminal.

Do the Ryans prepare their own taxes or use a tax preparer or accountant?

Actually that's not true. You are responsible for the contents of your taxes regardless of who prepares them. Willfull blindness is not a defense.

[Anonymous]

It's her mother who is dead, not Ryan's.

[Anonymous]

Yawn

[Anonymous]

Anonymous wrote:When Charlie Rangel underreported income from a vacation home and forgot to disclose several bank accounts on his federal disclosure form, the consensus on this site (including from Steele) was that Rangel had to go.

Ryan so far has failed to disclose a $1M trust and failed to pay $60K of taxes on it.

I am willing to say that it is an honest mistake. Hell I even defended the guy on another post, explaining the honest reason he may have failed to disclose it.

But since you are so dismissive, now I have to point out that

(1) misplacing $60K of income on a $1m trust is a bit tone deaf, and

(2) the conservatives and liberals alike on this site wanted Charlie Rangel's head for mistakes of a similar size. There appears to be a bit of a double standard on diligence here.

You say this like Rangel wasn't found guilty of 11 ethics violations (by a vote of 9-1) and one of only 23 members to be censured by the House ever. It wasn't tr amount of money but the willful disregard for House rules. Ryan on the other hand complied with the rules and when the mistake was found paid and paid the whooping $59 penalty and amended his financial disclosure. You would literally go blind reading all the amended disclosures that are filed each year.

[Anonymous]

Regardless of excuses being made and distinctions attempted to be drawn, the fact is it's a disturbing lack of attention to detail by someone who has no hesitation at calling out all sorts of people (about half of the country, in fact) for their perceived offenses, and he is accountable for it.

It's sloppy, and it says something unflattering about him (though it pales in comparison to his other proven lies and ridiculously inconsistent and incoherent positions).

[Anonymous]

It might not be on purpose but it could be so he should explain himself. If he didn't understand what was going on,, that might be an issue itself.

We already know he fears math so maybe that's the problem here.