The Yiddish term "chutzpah" comes to mind. This is a guy for whom the terms "hypocrite", "criminal", "butt boy", and "Big Fat Idiot" have seethed off his mouth with regularity in books, speeches, and public appearances. If there was ever a Democrat that was throwing stones constantly, Franken is it. He is pretty close to the left equivalent of Ann Coulter, although not nearly as good looking, and with a lot less wit in his insults.
Man, it is REALLY nice that they BELIEVE in paying taxes! Oddly, for the rest of us it is a LAW, but for a Democrat it is really much more than that!! Abortion is their main sacrament, but high taxes are something that is a key tenet of their "government as god" religion. It is more than just the tithe of worship at the government altar - while the creator of the universe is willing to sneak by with 10%, the Democrat god demands by law rates of 30, 40, 50% and over when state, federal, FICA, etc taxes are counted. While God has been willing to stick with his number for thousands of years, the Democrat god of government shows no sign of satiation. For the rest of us, not paying taxes is a CRIME, but I suppose since it is their church, Democrats get Grace there!In total Franken said he under paid taxes by just over $4,000.
"Franni and I have paid state and federal taxes on every cent of our income," he said, referring to his wife. "Franni and I believe in paying state and federal taxes on all our income."
Franken said he would not release his income tax returns for those years. He said he has filed for an extension on his 2007 taxes.
Oh, BTW, since Al has a "belief" in this area, he doesn't need to release the information on his taxes! Even HILLARY finally released her taxes ... that is how we know that her and Billy made $109 million since they left the White House. I guess Franken has just done such a good job with taxes since 2003, when we KNEW he wanted to run for the Senate that we really should want to trust him.
"I trusted this to a professional," Franken said of his accountant. Franken said he had hired someone to research his record -- typical for statewide candidates -- but that the researchers had not yet gotten to his financial records before the news broke.
Ah yes, the old "mistakes were made-by others". So Al's dodge is he hired an incompetent accountant AND an incompetent political investigator? Wow, good thing that a job as Senator doesn't involve any oversight or competence in hiring. Oops, it DOES involve that. I wonder if Al would consider this revelation to be disqualifying in a Republican? Do we really need to think about that very long?
While he was incorporated in three states -- New York, California and Minnesota -- Franken said that his company, Alan Franken Inc., was structured in such a way that it had no corporate income tax liability.
Instead, Franken said, he paid taxes through the individual income tax.
So let's be clear here - FIRST, he hired an accountant that knew how to INCORPORATE in a bunch of different states in such a way that the CORPORATION didn't owe taxes. He apparently knew that taxes were required from the states you earned the income in, but "mistakenly" thought you would "just pay those to your state of residence"? This doesn't sound fishy? Let's think of this for a second, I wonder if the Star Trib would be quite as credulous if Al was a REPUBLICAN!!
While the media doesn't like to talk about this much, corporations are great for allowing many people in a business to limit LIABILITY for poor personal financial habits of other investors in the group, and allow a business to outlive it's principles, they SUCK for taxes as a basic principle. When they have income (and they pretty much have to eventually if they are going to continue), it gets taxed TWICE! The sleight of hand to be incorporated, not have to pay taxes as a corporation, but somehow end up paying taxes as an individual is interesting twist.