Tuesday, March 3, 2009

Black Political News: Tax Problems for another Nominee?

Tax Troubles: Take Five opened at the White House Monday with revelations that another of President Obama's Cabinet-level nominees has problems with unpaid taxes.

The Senate Finance Committee announced Monday that Ron Kirk, nominee for trade representative, owes roughly $10,000 in taxes from 2005, 2006 and 2007 for speaking fees he donated to his alma mater.

The former Dallas mayor routinely gave his speaking fees directly to Austin College in Sherman, Texas, instead of accepting them, reporting them as income and paying taxes on them, the committee said. It said he has agreed to pay the debt.

Kirk, a lawyer in private practice, also deducted $17,382 for tickets to Dallas Mavericks basketball games as entertainment expenses but could not substantiate more than 7,000 of the expenses, so he owes $2,600 in back taxes for those expenses, the committee said.

Kirk, who served as Dallas mayor from 1995-2001, is the fifth Obama nominee to run into tax trouble.


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